Netflix raises prices on two of its most popular plans
Netflix is raising its prices for the first time in two years. Its most popular plan, which costs $10 for HD and viewing on two screens simultaneously, will increase by $1, to $11 per month. Their premium plan, which currently is priced at $12 for 4K and streaming on four screens simultaneously, will cost $14, a $2 increase. The price of the basic plan, which allows for one screen and SD viewing, remains unchanged at $8 per month.
The price change will take effect for current subscribers starting October 19, depending on their billing cycles. Subscribers will receive a 30-day notice before the higher prices take effect. New subscribers will see the price increase starting today. However, as the streaming service is spending more money on original content, subscribers shouldn’t be surprised that it’s reflected in pricing.
Update: Netflix responded to our request for more information with the following statement: “From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.
Source: USA Today