To The Moon

$Netflix(NFLX)$ is reportedly considering raising the prices of its ad-free streaming service following the conclusion of the ongoing Hollywood actors strike, as reported by the Wall Street Journal. While specific details of the price increase have yet to be disclosed, discussions are expected to take place in the U.S. and Canada. Price Increase Plans Amidst Hollywood Strikes This potential price hike follows a broader trend in the streaming industry, where major ad-free services have increased their prices by around 25% in the past year. This move is aimed at improving profitability and encouraging users to switch to cheaper ad-supported plans. Interestingly, Netflix has been one of the few major streaming platforms that did not raise its prices over the past year. Instead, the company focused on increasing revenue by tackling password sharing. Strike signs outside Disney Studios in Burbank, California, U.S The decision to raise prices is likely a response to the rising costs associated with labor agreements reached during the ongoing Hollywood strikes. The recent tentative agreement between the Writers Guild of America and studios, along with resumed negotiations with the Screen Actors Guild (which went on strike in July), are likely driving this strategic move by Netflix. The timing of the price increase is expected to coincide with the resolution of the strikes and is part of a broader industry trend to manage increased talent costs resulting from these labor agreements. As an investor or viewer, it's essential to consider the potential implications of this price hike. While it may contribute to higher revenue for Netflix, it could also prompt subscribers to reevaluate their streaming options. NFLX Daily Chart Now, I'm curious to hear from you. Do you have a Netflix subscription? How do you feel about potential price increases for streaming services? Share your thoughts and experiences in the comments below. Disclaimer: My views and insights are provided for informational purposes only. I do not offer financial or investment advice. It’s essential to conduct your research before making any financial decisions. The volatile nature of financial markets necessitates caution and due diligence. [Observation] $Walt Disney(DIS)$ $Apple(AAPL)$ $Amazon.com(AMZN)$ $Roku Inc(ROKU)$ Follow @TigerStars @MillionaireTiger @Trend_Radar