Tech

Netflix raises prices on standard and premium plans

Netflix raises prices on standard and premium plans

Netflix raised the price of some subscriptions for U.S. customers on Thursday, a change that will cost subscribers $1 or $2 more per month, depending on their plan.

The standard Netflix subscription plan is going up to $13.99 per month (up from $12.99), while the premium tier will cost $17.99 per month (up from $15.99). A standard Netflix subscription offers HD streams and lets subscribers stream on two devices, while a premium subscription offers Ultra HD (4K) streams and allows streams across four devices.

Netflix’s basic plan, which costs $8.99 per month, is not changing. A breakdown of plans and pricing is available at Netflix’s website.

According to a report from The Verge, which first reported the price hike, new Netflix subscribers will have to pay the updated monthly fees, while current subscribers will see new prices in their billing cycles “over the next few weeks.” The price hike does not impact Netflix subscribers globally.

Netflix last raised prices in April 2019. Last year, Netflix’s basic plan jumped from $7.99 to $8.99 per month. The standard plan, Netflix’s most popular option, increased from $10.99 to $12.99 per month; and Netflix’s premium plan, increased from $13.99 to $15.99 per month. Since then, Netflix has faced growing competition from new streaming offerings, including Apple TV Plus, Disney Plus, and HBO Max.

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Devon is a fitness enthusiast who loves playing Golf in his free time. He keeps in touch with the Golf events happening all around the world and jots down fine news pieces for the website.

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Devon Bell

Devon is a fitness enthusiast who loves playing Golf in his free time. He keeps in touch with the Golf events happening all around the world and jots down fine news pieces for the website.

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