Netflix is, by far, the most popular streaming service on the planet, but those subscribers will have to pony up a few extra bucks to keep their subscriptions going.
The streaming giant sees massive profits and they’re also dropping insane money on orginal content. All of those extra expenses have apparently encouraged them to charge a few extra dollars.
The company is raising their monthly subscription price by $1 for their basic plan, $1.50 for their Standard plan, and $2 for their Premium plan. That will see the new prices jump to $9.99, $15.49, and $19.99.
The company explained its decision in a statement provided to Variety.
“We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members. We’re updating our 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 hasn’t jacked up their prices since October 2020, and it’s unclear if, or when, they will do it again. With all of the amazing content that Netflix is pumping out it’s pretty clear what they probably won’t have too many subscribers leave over this small increase. That being said, considering Netflix’s insane subscriber base the company is set to make a lot more money with this change.
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