Netflix waiting for strikes to end before jacking up prices

Enlarge / Netflix's pirate series, One Piece, recently debuted on the platform. (credit: Netflix)

Netflix, one of the only profitable TV streaming services (along with Hulu), is reportedly planning on increasing the monthly price of its ad-free subscription, The Wall Street Journal reported today. However, the price bump reportedly won't come for "a few months," as Netflix is waiting for the actors' and writers' strike to formally end, the publication said.

WSJ said "people familiar with the matter" informed it that Netflix will probably launch its price hike in the US and Canada. WSJ couldn't confirm how much prices will increase or when the increases will start. A representative for Netflix could not immediately be reached by Ars Technica for comment. Netflix declined to comment to the Journal.

The Writers Guild of America (WGA) is voting on a tentative agreement with TV and movie studios this week, while the Screen Actors Guild is undergoing negotiations.