Your Netflix bill is getting more expensive
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Netflix raises subscription prices relatively regularly, and the most recent price hike is now in effect in the US. Members reported receiving email notifications about price increases that went into effect for the next billing cycle, while some may have paid higher rates.
A Netflix spokesperson told The Verge that the new, more expensive subscription will be rolling out in a few weeks. Some may have already been informed of the changes, while others may still be waiting to hear. But in any case, the plans are getting more and more expensive.
The latest price hike, announced by Netflix in January, raised the price of the basic plan from $9 per month to $10 per month, and the standard rate jumped from $14 per month to $15.50 per month. The Premium plan, the only one that offers 4K, goes from $18 a month to $20 a month.
Netflix has said that subscribers will receive an email about the price change 30 days before it goes live. Members can cancel at any time.
new Netflix prices
- Basic – $10/month
- Standard – $15.50/month
- Premium – $20/month
Netflix’s new rates
Netflix is now cracking down on password sharing even further, charging members who use the same plan but are outside the home. This change has been implemented in Chile, Costa Rica, and Peru, and may be implemented in other parts of the world in the future.
Chengyi Long, director of product innovation at Netflix, announced in a blog post that password sharing is “impacting our ability to invest in new TV and movies.”
Netflix has never offered an ad-supported version, and the company’s executives have been taking a tough stance on it, but the company says that could change in the future, or at least the streaming platform is willing to consider it. In a recent investor briefing, CFO Spencer Neumann said Netflix had a “never say never” approach to offering ad-supported releases.
Just after Netflix announced 2021 revenue of $29.7 billion and profit of $5.1 billion, Netflix raised subscription prices and cracked down on password sharing, while Netflix co-CEOs Ted Sarandos and Reed Hastings were paid more than $70 million. year.
In addition to TV and movies, Netflix now also acquires video game studios to make games based on Netflix assets. Just this week, the company announced that it had acquired Boss Fight as part of its development pipeline to build “world classics”.
For more on Netflix, check out all the TV shows and movies coming to the platform in April 2022.
Check more articles in our categories Gaming & News et Anime.
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