4/30/2024 0 Comments Netflix raising pricesIn the U.S., the prices for the basic plan the lowest tier plan without. 6Netflix, the favorite destination of many a binge-watcher, have decided to raise their streaming service prices again, according to multiple media outlets. The service’s basic plan now costs 9.99 per month (up from 8. If your price is changing, Netflix will send you an email with details about the price change one month before the billing date on which your price will increase. Netflix will be rolling out price increases for some consumers in the U.S., U.K. Netflix first alerted subscribers to its coming price increases in late January. Streaming deals: Disney+ | Max | Sling | Fubo | Peacock | Paramount+īlack Friday is just around the corner if you're looking to pick up a discounted TV this holiday season, check out our guide to the best Black Friday TV deals (so far). Plans and pricing may change as we add TV shows and movies, introduce new features, and respond to market changes. Netflix has increased the prices for their Basic and Premium plans starting Oct. This success is likely to be attributed to the aforementioned password-sharing crackdown, which could encourage other streaming services to follow suit - much to the chagrin of subscribers. As a result of this boost in membership, the streaming giant also generated $8.54 billion of revenue last quarter, which is ahead of forecast. Netflix, facing competition from streamers like Disney Plus and HBO Max, is raising prices by 1 to 2 for all of its subscription plans in North America. In addition to news about the price increase, Wednesday's earnings report revealed that Netflix added 8.8 million subscribers in the last quarter alone, an increase of 9% compared to last year. The last time Netflix raised prices was in January 2022, when its plans increased by as much as $2 per month. Netflix has raised prices for the second time in just over a year, taking the price of its most expensive subscription to almost £16 a month. Netflix is also the latest in a long line of streaming services to have increased their prices in 2023, joining the likes of Disney Plus, Paramount Plus, and Max. This price increase follows Netflix's recent crackdown on password-sharing and the introduction of the new Basic with Ads plan last year. earlier this year, although current Basic subscribers can remain on the plan until they cancel or change plans. Keep in mind that Netflix ditched the Basic plan in the U.S. The streaming giant also faces competition from other services and potential strikes by writers and actors. In the United Kingdom, the Basic and Premium plans will increase to £7.99 and £17.99 per month, while French subscribers will see an increase to €10.99 and €19.99 for the same two plans. Netflix hikes its subscription fees for all plans except the ad-supported one, citing increased content and talent costs. The streaming giant Netflix dropped its latest earnings report on Wednesday, and amid news about revenue growth and an increase in subscribers, the streaming service also announced that they would be increasing prices on a number of their subscription plans.Īs a result of the price hike, the monthly cost of the Basic and Premium plans in the United States will increase to $11.99 and $22.99, respectively.
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