Netflix is Raising Their Price Starting This Month

Netflix is Raising Their Price Starting This Month

Netflix is Raising Their Price Starting This Month

The streaming service's last increase took place back in 2014 when prices went up by a dollar, but grandfathered existing users in at the previous, lower price for a limited time. A sense of "is nothing sacred?" overcame the Netflix audience, and several of our readers commented that they'd even consider cancelling their subscription over this increase. The company's Premium plan, which offers Ultra HD quality and allows four concurrent streams, is getting a $2 price hike to $13.99 a month. The basic package will not see a price change, as it has remained the same since Netflix's launch in 2010.

Netflix is raising its subscription prices for both new and longtime subscribers. New members will start seeing the increased prices today, but current subscribers will be notified of the increase starting October 19. But its standard plan will now cost $11 a month, up from $10, and the premium tier will rise from $12 a month to $14.

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One way to do that is by fleshing out its service, adding content and features, and then charging more in exchange - which appears to be exactly what Netflix is doing.

Netflix's selection of content changes from month to month as the service rotates out TV shows and movies while adding new ones. The successful streaming giant has invested $7 billion in content for the next year, according to The Wrap, while companies like Hulu "only" have $2.5 billion invested in content for their streaming services. It now costs $9.99, and it will increase to $10.99.

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"Since 2016, members have been able to watch Netflix on the go without connecting to the internet by downloading content onto phones, tablets and Window 10 laptops". It bought the streaming rights to The Good Place, for example, guaranteeing a second season, and it has deals in place with the CW for its shows.

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