The move would likely be implemented in the United States and Canada first and then be incorporated in other global territories. The increase would affect Netflix’s ad-free plans, which are already at $15.50 per month for a standard plan or $20 per month for a premium plan, according to the report.
It is not known how much a possible price increase would be.
The reported increase by Netflix comes as Disney+ is scheduled to raise its prices on Oct. 12, increasing the price of the premium plan to $13.99 per month from the current monthly fee of $10.99. In Disney+’s last quarter, it lost approximately 7.7 million subscribers.
Other platforms that have raised prices over the past year include Hulu, Max (formerly HBO Max), Peacock, and Apple TV.
The Screen Actors Guild-American Federation of Television and Radio Artists, the union for actors, is still on strike, as it hasn’t reached a deal with the major Hollywood studios. The strike comes as the Writers Guild of America strike ended on Sept. 27 after a deal was reached with studios.
Among the deals WGA reached was minimum staffing, which relates to having a certain number of writers per television series. Other deals that were reached included bonuses based on how well a show performs in streaming and protections from artificial intelligence.