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Fortune, TVWeek

Netflix Jacks Up Prices — It’s the Biggest Price Increase Ever for Its Subscription Streaming Service

Jan 15, 2019  •  Post A Comment

Netflix just announced the steepest increase ever in the price of its streaming services, according to media reports.

The standard plan, which was set at $11 per month, went up to $13 a month. The premium plan, which doubles the number of screens on which Netflix content can be watched and enables Ultra HD content, went up from $14 to $16. The basic plan rose from $8 to $9.

“The prices reflect the biggest single price hike since Netflix’s streaming service launched,” Fortune reports. “It’s also the first price increase on the company’s basic plan. New customers are subject to them now and existing subscribers will see their prices go up over the next few months.”

In a statement, a Netflix spokesperson said the increases will enable the company to “continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members.”

5 Comments

  1. mine’s not scheduled to go up, basic.

    • Sad to say, it looks like it’s going up from $8 to $9/month if I read it correctly!

  2. [It] will enable the company to “continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members.”

    Are you kidding? This is the same company that just cancelled Daredevil and recently released the ridiculous horror film Bird Box. Not to mention the endless batch of worthless low budget films I would never watch.

    Time to leave this streaming service…immediately.

  3. The big price hikes are the reason customers are cancelling their expensive cable plans. If Netflix follows their price model as cable, viewers are going to going to start canceling Netflix, for other services. Netflix could make more money, by selling commercial time, than by alienating their customer base with increased monthly fees.

  4. $13.00 is less than the price to go to a movie. Netflix is not going to lose a lot of members. Its original programming is still way ahead of any current service. Plus remember that a large part of its membership are people who don’t pay for cable. I think that this is more of a threat to HULU than it is to Netflix.

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