Netflix is popping after reports of rising subscription prices (NFLX)

06 October, 2017, 00:46 | Author: Barbara Daniel
  • Netflix Quietly Raises Its Subscription Prices

Netflix has already started raising the cost for new customers in the U.S. Netflix has raised the rates on two of their subscription plans, with the new rates going into effect for November. But its standard plan will now cost $11 a month, up from $10, and the premium tier will rise from $12 a month to $14. The price change will roll out to members over the course of the next several months. Is this just the cost of business and it's just $1-2 more per month so it's not a big deal?

Netflix is cheaper than many of its competitors despite the current price hike.

The company is scheduled to report quarterly earnings on October 16, which should offer a sense of its worldwide drive for subscriptions as well as any sign of a ceiling for US subscription levels.

The standard plan, Netflix's most popular, allows subscribers to watch on 2 screens and in high def.

Netflix has rapidly become the center of most of our TV universes, streaming everything from utterly obscene coming-of-age cartoons to original stand-up comedy.

Here is what you need to know about the increase. The company has plans to spend $6 billion on content this year as it faces stepped-up streaming competition from Amazon Prime, Hulu and YouTube.

Netflix is gearing up to increase prices on their standard and premium plans.

But the price change, first reported by Mashable, won't impact existing members yet.

The news coincided with the announcement of the Basic plan, giving Netflix's 81.5 million subscribers at the time a choice as to what subscription they wanted to go with.

Looking forward to the second season of Stranger Things?

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