eddie murphy’s surprise Netflix deal could cost you $10 a month in subscription hikes next year.
Your wallet is about to take a hit from a legendary comedian. Following reports that Eddie Murphy has signed a massive new multi-film deal with Netflix, industry insiders are warning that the streaming giant is likely to hike subscription prices by up to $10 a month to cover the cost of his star power and other A-list talent.
While you might be thrilled to see Murphy reprise his role in a sequel to “Coming to America” or a new “Beverly Hills Cop,” the price of that nostalgia is real. Netflix’s last price increase already pushed the standard plan to $15.49, and experts predict another hike—potentially hitting $25 per month for the premium tier—within the next six months.
For you, that means rethinking your budget. If you’re already cutting back on dining out or gas, this is one more bill that’s creeping up. Consider putting a reminder in your calendar to cancel your subscription after you’ve watched the new Murphy specials. Your bank account will thank you, and Eddie Murphy’s pockets don’t need the extra cash quite as much as yours does.