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Netflix Is Raising Prices Again: What You Need To Know
05 Octubre 2017, 10:37 | Gervasio Siguenza
Netflix content chief Ted Sarandos
The price increase is effective immediately for new subscribers but existing subscribers will see the price hike implemented over months. Originally, customers using the top-tier service paid $11.99 a month to stream high-resolution content on four devices simultaneously.
The price hikes only affect USA customers and will go into effect in November.
Netflix intends to increase the rates of its subscription plan.
Wall Street appeared to approve of the move, as Netflix shares were up almost 4% to $191 apiece in midday trading. Starting this November, two popular subscription plans will see a price hike.
It's unlikely the increase will deter Netflix's 100 million subscribers - especially if it comes with a promise of more high-quality original shows. Those of you who have been subscribed to Netflix for years will remember a time when its streaming-only plan was $7.99.
In case you were wondering how much Netflix will cost each year now, we have done the math for you.
The company seemingly confirmed the increases in a statement saying the company "from time to time" has to bump up its prices in order to continue providing original programming and updating its service platform.
When word of the new price increases got out some Twitter users expressed that they weren't happy with the decision from the company. The basic plan that offers a single SD stream will stay at $7.99 a month.
You're going to have to dig a little bit deeper into your wallet to pay for the privilege of watching "Stranger Things", "House of Cards" and everything else on Netflix. Netflix told Mashable that it occasionally raises prices in order to add more content and features to the platform.
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