[ [link removed] ]Sign the petition to tell Netflix: Stop the corporate greed, stop
raising prices, NOW!

Dear MoveOn member,

Netflix is raising prices on subscriptions again, despite record
profits.^1

There is no reason that greedy corporations should pay less in taxes than
working people, but, in 2021, Netflix paid a tax rate of only 1.1% on $5.3
BILLION in profit, avoiding over $1 billion in taxes.^2 Yet still, Netflix
raised prices by 10.7% in January of 2022, and now they’re raising their
prices again.^3 Enough is enough! We must come together to stop this
corporate greed.

[ [link removed] ]Will you sign the petition to demand that Netflix stop the price hikes
NOW?

Netflix’s newest price increase follows its unpopular and restrictive
policy change regarding password sharing, requiring customers to pay an
extra $7.99 to share their password with someone outside of their
household.^4 Netflix needs to know that consumers have the power—and we're
not going to allow them to get rich while they slash services and raise
costs.

The reality is, when one streaming giant like Netflix raises its prices,
the others often follow. Disney+, Hulu, Apple TV+, Discovery+, and AMC+
are also raising prices on some of their monthly subscriptions.^5 It’s
unacceptable.

[ [link removed] ]Click here to sign the petition to demand that Netflix stop raising
prices on subscriptions.

 Over the years, many people have ended their traditional cable TV
contracts and migrated to streaming services, but the price hikes on these
services are quickly becoming unsustainable. Netflix must stop the price
hikes NOW.

[4]Sign the petition

Netflix is implementing a price hike despite anticipating 5 BILLION
dollars in free cash flow, partly due to writers and actors going on
strike because Netflix and other streaming giants were refusing to offer
them a fair contract.^6 So essentially, writers and actors with the
Writers Guild of America (WGA) and Screen Actors Guild (SAG-AFTRA) went
months without work or pay while Netflix got richer.

It’s corporate greed on the backs of writers, actors, production staff,
and Netflix subscribers, plain and simple. It must end. [ [link removed] ]Sign the
petition to tell Netflix: Stop the corporate greed, and stop the price
hikes on subscriptions, NOW!

The massive wealth inequality that we see between the ultrawealthy and
everyday working people is reflected in the entertainment industry too.

Streaming companies like Netflix make BILLIONS of dollars in corporate
profits each year and pay top executives hundreds of MILLIONS of dollars
combined, while exploiting writers, actors, production staff, and
streaming subscribers. This is one of the many reasons why we have to come
together to stop these price hikes.

[ [link removed] ]Click here to add your name to this petition, and then send it to three
friends to spread the word.

Thanks for all you do.

–Jensine, David, Corinne, Ankur, and the rest of the team

Sources:

1. "Netflix is planning to raise prices... again," The Verge, October 3,
2023
[link removed]

2. "Netflix Posts a Record $5.3 Billion in Profits and a Federal Tax Rate
of Just 1.1 Percent," Institute on Taxation and Economic Policy, February
1, 2022
[link removed]

3. "Netflix and Cable Prices," Internet Economist, January 17, 2022
[link removed]

4. "Netflix Password Sharing—Everything You Need To Know," Forbes,
February 9, 2023
[link removed]

5. "Streaming services keep getting more expensive: all the latest price
increases," The Verge, November 2, 2023
[link removed]

6. "Netflix: Lower Content Spend Due To Strikes Leads To Free Cash Flow
Boost As Streamer Takes Swipe At Rivals Over Ratings Transparency,"
Deadline, July 19, 2023
[link removed]

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