Netflix is increasing its subscription prices in the US, Canada, Portugal, and Argentina following a record-breaking quarter for subscriber growth. The price hikes come as the streaming giant invests in new programming and seeks to offset rising costs. The most significant increase will affect the Premium tier, which will now cost $24.99 per month, up from $22.99. Other plans, including the Basic and Standard tiers, will also see price increases.
an iPhone in front of a computer screen showing a Netflix logo on February 13, 2019 in Paris, France. Netflix, the US giant of online video subscription, has more than 5 million subscribers in France, 4 and a half years after its arrival in France in September 2014, a spokesman for the company revealed on Wednesday. Netflix offers movies and TV series over the internet and now has 137 million subscribers worldwide. Your Netflix subscription is about to get even more expensive.
Naturally, with such a huge subscriber gain the next order of business is charging everyone more. Here’s how the new rates will impact your monthly bill:This tier will cost $24.99 per month, up from $22.99 month .“As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix,” the company told investors.
The last time Netflix increased prices was in October 2023 when the Basic plan went from $9.99 to $11.99 and the Premium tier saw a $3 bump from $19.99 to $22.99. The Premium tier is now $5/month more than the subscription cost just over two years ago. The streamer also cracked down on password sharing, aStreaming services across the board have seen price increases in the past couple years, including video game subscription services like Xbox Game Pass and PlayStation Plus.
NETFLIX SUBSCRIPTION PRICE HIKE STREAMING INVESTMENTS
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