Netflix is about to cost you more money. The popular streaming service announced today that it will be raising its prices for new members starting this month. The standard plan, which allows users to watch two screens at once, will go up from $10.99 to $12.99 per month. The premium plan, which allows for four screens and HD viewing, will go from $13.99 to $15.99 per month. Netflix says that these price hikes are necessary in order to continue investing in new content and improving the overall experience for its users.
Netflix has been on a tear lately, churning out hit original shows and movies like Stranger Things, The Crown, and Bright. The company is also planning to spend $eight billion on content this year, which is up from the $ six billion it spent last year. Obviously, all of this costs money, and Netflix needs to find a way to pay for it.
Netflix has been facing increased competition from other streaming services like Amazon Prime, Hulu, and HBO GO. This has put pressure on the company to keep its prices low in order to remain competitive. However, it seems that Netflix is now confident enough in its position to start raising prices. It will be interesting to see how this affects the company’s popularity in the coming months. Netflix has been one of the most disruptive forces in the entertainment industry, and it doesn’t look like that’s going to change anytime soon.
Do you think Netflix is worth the price hike? Let us know in the comments!
Best shows for 2022 are:
What are your thoughts? Netflix is about to cost you more money. The popular streaming service announced today that it will be raising its prices for new members starting this month. The standard plan, which allows users to watch two screens at once, will go up from $11 to $13 per month.