Netflix Raises Prices and Introduces New Pricing Structure

Netflix is raising prices for its streaming service, including the retirement of the Basic plan and the introduction of a new pricing structure. This follows a successful crackdown on password sharing. The increase in prices is seen as part of a trend in the streaming industry, with other major streaming platforms also experiencing price hikes. The potential introduction of multiple ad-based membership tiers is also mentioned, raising concerns about the future of streaming.