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Netflix Increases Its Standard and Premium Pricing
Netflix has announced an increase in its pricing. From $12.99, Netflix’s standard plan will now cost $13.99. As for the premium plan, it went from $15.99 to $17.99.
The standard plan accommodates two different devices to stream at the same time. Meanwhile, the premium plan accommodates four different devices. There will be no changes to the price of the basic plan, which only accommodates one device.
Current Netflix users will receive a notification 30 days ahead of the pricing increase.
“We understand people have more entertainment choices than ever, and we're committed to delivering an even better experience for our members,” a Netflix spokesperson told CNET.
“We're updating our prices so that we can continue to offer more variety of TV shows and films – in addition to our great fall lineup. As always we offer a range of plans so that people can pick a price that works best for their budget.”
According to The Verge, “industry insiders have long anticipated another round of price hikes at Netflix, which last increased subscription fees in the United States in January 2019.”
The streaming company recently increased the cost of some plans in Canada. The launch price changes on a country-by-country basis. Additionally, the change “in the US does not influence or indicate a global price change,” a Netflix spokesperson said, as obtained by The Verge.
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