Netflix is hiking its monthly prices again marking the sixth time the streamer has bumped up its prices since 2014.
Netflix updated its official price plan chart to reflect the new $1 increase for the Standard plan and a $2 increase for the Premium plan that includes 4K streaming.
The new monthly price for the standard plan is now $15.50 over the previous $14, and the new price for the 4K Premium plan is $20 from $18.
Netflix first increased its price back in 2014 to $8.99, which seems quaint today. Netflix even held a promotion where subscribers could keep the original $7.99 price for a full two years before the price change came into effect.
Since then Netflix has upped the price by $1 to $2 every two years, or so. In a statement to Reuters, Netflix says it’s updating prices “so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget.”
Netflix has a Basic Plan that costs $9.99 a month but doesn’t include HD streaming.
Streaming was meant to offer an alternative to bundled TV plans, but with so many streaming services available including Disney+ and HBO Max, maintaining multiple subscriptions is not so unusual. One popular strategy is unsubscribing from unused streaming services until a new show comes out.
Netflix subscribers will receive an email notification 30 days before their prices changes.
Matt T.M. Kim is IGN's News Editor. You can reach him @lawoftd.
Continue reading...
Netflix updated its official price plan chart to reflect the new $1 increase for the Standard plan and a $2 increase for the Premium plan that includes 4K streaming.
The new monthly price for the standard plan is now $15.50 over the previous $14, and the new price for the 4K Premium plan is $20 from $18.
Netflix first increased its price back in 2014 to $8.99, which seems quaint today. Netflix even held a promotion where subscribers could keep the original $7.99 price for a full two years before the price change came into effect.
Since then Netflix has upped the price by $1 to $2 every two years, or so. In a statement to Reuters, Netflix says it’s updating prices “so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget.”
Netflix has a Basic Plan that costs $9.99 a month but doesn’t include HD streaming.
Streaming was meant to offer an alternative to bundled TV plans, but with so many streaming services available including Disney+ and HBO Max, maintaining multiple subscriptions is not so unusual. One popular strategy is unsubscribing from unused streaming services until a new show comes out.
Netflix subscribers will receive an email notification 30 days before their prices changes.
Matt T.M. Kim is IGN's News Editor. You can reach him @lawoftd.
Continue reading...