Netflix has sealed a long-term broadcast deal with the WWE as the streaming giant pushes further into sporting events. Image: Pixabay
WATCH: Netflix to raise the price of its service [VIDEO]
Watch news in a minute for a summary of Netflix announces to raise prices after cracking down on password sharing.
Netflix has sealed a long-term broadcast deal with the WWE as the streaming giant pushes further into sporting events. Image: Pixabay
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This is according to the Wall Street Journal, a report that sent the content streaming service’s shares up more than 3%. Netflix is discussing raising prices in several of its global markets. It will likely begin with the United States and Canada, before looking at other countries around the world. Currently, a monthly Netflix subscription in South Africa costs R99/ month for the Basic Plan and R49/ month for the Mobile Plan. It was not immediately clear how much Netflix will raise their prices by, or when exactly the new prices will come into effect. Netflix also declined to comment on the report. Netflix cut prices of its subscription plans in some countries in February 2023. In the same month, it laid out a plan to crack down on password sharing by subscribers. This plan was rolled out in over 100 countries in May, and began to take effect in South Africa in July.
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NEWS IN A MINUTE ON: NETFLIX CRACKING DOWN ON PASSWORD SHARING
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