On Thursday, Sen. Elizabeth Warren (D-Mass.) criticized Netflix Inc.’s latest price increase.
Senator Warren took to X and said, “Netflix just got a $2.8 BILLION payout from Paramount for its failed Warner Bros. deal,” adding, “Then Netflix turned around and raised prices on millions of customers.”
Netflix just got a $2.8 BILLION payout from Paramount for its failed Warner Bros. deal.
Then Netflix turned around and raised prices on millions of customers. https://t.co/8mvOlwESmT
— Elizabeth Warren (@SenWarren) March 26, 2026
Netflix did not immediately respond to Benzinga’s request for comments.
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Earlier in the day, Netflix said it is raising prices by at least $1 per month, citing continued investments in original programming and live content.
The ad-supported plan now costs $8.99, up from $7.99, while the standard plan is priced at $19.99 and the premium tier rises to $26.99.
Fees for adding extra members have also increased, with ad-supported accounts costing $6.99 per additional user and ad-free accounts priced at $9.99.
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The criticism follows Netflix’s involvement in a high-stakes takeover battle for Warner Bros. Discovery, Inc..
After declining to raise its $82.7 billion offer, Netflix stepped aside, paving the way for Paramount Skydance to emerge as the likely winner.
As part of the outcome, Paramount paid Netflix a $2.8 billion breakup fee on Feb. 27.
Netflix’s move reflects a broader trend across the streaming sector. Companies including Spotify Technology SA, Amazon.com, Inc., Paramount and the Walt Disney Co. have all raised prices in recent months.
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