Netflix To Increase Membership Fees
Netflix subscribers are about to see a price increase on their monthly bill starting next month. The streaming service sent emails this week to U.S. subscribers about a price increase that starts in their next billing cycle. Netflix said the increased revenue will help the streaming service add more television shows and movies.
The streaming service’s plans in the United States will increase between $1 to $2. The price of the basic plan will go from $8 to $9 per month, the standard plan that includes HD streaming on two devices will go from $11 to $13 per month, and the price of the premium plan will increase from $14 to $16.
While many may not be happy about the hike in prices, it does somewhat reflect how Netflix has been investing heavily in original content, which has proven rather successful. In fact, the streaming service took home three Academy Awards, including Best Director for its film “Roma” in February. Netflix also won 23 total Emmys for shows including “The Crown,” “Stranger Things” and “GLOW” in 2018.
Analysts that spoke to CNN Business said that most existing customers are willing to pay more as long as Netflix continues to provide a wide range of popular content.
How do you feel about paying a few extra bucks for Netflix?
By: Maytinee Kramer
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