3/24/2024 0 Comments Netflix increasing price![]() “Members tell us how much they value the breadth and variety of the catalogue, and we’re updating our prices so that we can continue to invest in more shows and films.” The increase in prices reportedly coincides with an increase in production and investment in Netflix Originals that were held up due to the COVID-19 pandemic.Ī Netflix spokesperson reportedly told that “Australians have never had more choices when it comes to entertainment, and we’re more committed than ever to delivering an experience that exceeds their expectations.” Netflix’s Basic Plan will still cost $10.99 per month. The increased prices come into effect today (November 11, 2021) for new customers, while existing customers can expect to receive notification from Netflix about the change, with the price hike likely to be seen in the following billing cycles. This comes off the back of an increase in prices back in late 2020. Netflix’s Standard and Premium subscription plans – which previously cost $15.99 and $19.99 per month respectively – will now cost viewers $16.99 and $22.99 per month, Netflix has announced. CNN Sans ™ & © 2016 Cable News Network.Your streaming bill may be about to get more expensive, with Netflix announcing that it’s increasing prices on two of its subscription plans. ![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Raising prices on consumers is an easy way to get it. The pricing increase comes a week before the streaming company is set to announce its fourth quarter earnings.īut the reason behind the company’s move is pretty simple: It has been spending billions of dollars on content, and as streaming becomes more integral to the entertainment landscape, growth for companies like Netflix tends to slow and attracting new subscribers gets harder.Īt that point, revenue needs to come from somewhere. Netflix’s stock rose roughly 2% following the news. As always we offer a range of plans so members can pick a price that works for their budget.” “We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. “We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members,” a Netflix Its basic plan was unchanged.Įxplaining its decision, Netflix provided a statement to CNN that was identical to its comment from October 2020, the last time it raised its prices. ![]() ![]() The premium plan went up $2 to $20.99 Canadian. In Canada, the price for Netflix’s standard plan also went up $1.50 to $16.49 Canadian. ![]() The basic plan went up $1 to $9.99 and the premium plan increased $2 to $19.99 In the United States, the subscription price for the standard plan rose $1.50 to $15.49. The streaming media company said Friday it is raising the prices on its plans in the United States and Canada. Your Netflix bill is about to go up again. ![]()
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