The streaming giant said it was putting up prices in the UK and other markets even after introducing tougher rules.
Netflix is raising prices for some of its subscription plans, despite the success of its recent crackdown on password sharing.
The launch of a cheaper plan, with adverts, accounted for about 30% of sign-ups in countries where it was available, Netflix said. Netflix said it believed it had the right mix of original hits and licensed fan favourites in its library to keep audiences coming, spotlighting Suits, the legal drama now known for starring Meghan Markle.
Writers recently reached a deal, but the actors guild and the major studios, including Netflix, are still fighting over issues of compensation and artificial intelligence.Studios are facing pressure from investors, who have grown increasingly sceptical of the big losses posted by some of Netflix's rivals in the streaming business, such as Disney.It reported quarterly revenue up 7.8% year-on-year at $8.5bn, while profits hit $1.67bn.
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