It will soon cost you more to watch Netflix.
The streamer has quietly announced details that a potential price increase would be coming, but stopped short of releasing details of how much and when.
In a quarterly investors’ report released on Tuesday, the company wrote that: As it invests in and improve Netflix, it will occasionally ask its members to pay a little extra to reflect those improvements, which in turn helps drive the positive flywheel of additional investment to further improve and grow its service.
The report also detailed how the streaming giant would be adding 10 years of new wrestling content to its service in the form of WWE Raw, a deal likely to have cost a substantial sum and added pressure to the company to increase prices.
CNBC reported Netflix is paying more than US$5 billion for 10 years of Raw.
The service already warned last year that the resolution of the actors and writers strikes in Hollywood could have financial implications for subscribers.
