Culture

Netflix Increases Its Monthly Subscription Price, Affecting 58 Million US Users

In response to password sharing?

By
3,368 Hypes

Netflix Increases Its Monthly Subscription Price, Affecting 58 Million US Users

In response to password sharing?

Netflix is set to increase the pricing across all of its subscription tiers. Verge reports that its most popular plan which priced out at $10.99 USD will now be $12.99 USD a month for HD streaming. The Basic plan will go from $7.99 to $8.99 USD per month, while the Premium Plan will rise to $15.99, from $13.99 USD. The most costly plan offers 4K content and allows up to four streams on different devices.

According to AP, these new costs will go into effect for new subscribers immediately. Current members will be affected by the price raise within the next three months. At the moment, 58 million United States subscribers would be affected by the price hike. Additionally, the new pricing will hit the platform’s 40 markets in Latin America within the next few months.

Netflix CEO Reed Hastings shared in the past that the price hikes are necessary as the company invests more in, “original series and licensing popular programming.” A spokeswoman from the streaming platform has also previously stated:

“We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience.”

Many are attributing the price increases to the aforementioned content creation endeavor. Since declaring it would generate more original content the company shared it would spend $7 billion USD to make this happen.

Stay tuned here as more news emerges.

Read Full Article
Share this article

What to Read Next

Netflix Loses 200,000 Subscribers Globally, Stock Price Plummets 20%
Culture

Netflix Loses 200,000 Subscribers Globally, Stock Price Plummets 20%

The streaming giant states password sharing is partially to blame.
697 Hypes

Netflix Will Require Subscribers To Pay Extra for Users Beyond Their Households
Film & TV

Netflix Will Require Subscribers To Pay Extra for Users Beyond Their Households

A tactic to prevent password sharing. 
8,312 Hypes

Netflix To Roll Out Its Own Live Streaming Service
Film & TV

Netflix To Roll Out Its Own Live Streaming Service

Featuring unscripted shows and stand-up specials.
7,354 Hypes


Netflix's 'All of Us Are Dead' Could Be Renewed for Season 2
Film & TV

Netflix's 'All of Us Are Dead' Could Be Renewed for Season 2

The director of the buzzy Korean zombie series is optimistic about a new installment.
1,147 Hypes


Louis Vuitton Rolls out Its Inclusive Pre-Fall 2019 Lookbook Featuring Kelela & Indya Moore
Fashion

Louis Vuitton Rolls out Its Inclusive Pre-Fall 2019 Lookbook Featuring Kelela & Indya Moore

Alongside Hollywood’s A-List stars of the moment.
3,654 Hypes


THE NORTH FACE PURPLE LABEL's SS19 Lookbook Has Arrived
Fashion

THE NORTH FACE PURPLE LABEL's SS19 Lookbook Has Arrived

Everyday essentials for the cozy girl.
7,203 Hypes

Meet Pepper, the Emerging Body Positive Bra Brand Created to Fit Small Busts
Fashion

Meet Pepper, the Emerging Body Positive Bra Brand Created to Fit Small Busts

The latest drop is arriving soon.
5,744 Hypes

New Balance Transforms a '90s Classic Into the 997H
Footwear

New Balance Transforms a '90s Classic Into the 997H

Peep the inaugural colorways of the low-top runner.
43,113 Hypes

Virgil Abloh Just Announced He's Launching a Namesake Jewelry Line
Fashion

Virgil Abloh Just Announced He's Launching a Namesake Jewelry Line

Debuting at his “Floral Shop” pop-up in Paris.
8,434 Hypes


Channel SS19's Hottest Trend in Converse's Leopard-Print Chuck Taylors
Footwear

Channel SS19's Hottest Trend in Converse's Leopard-Print Chuck Taylors

A wild addition to your footwear collection.
10,166 Hypes

The YEEZY BOOST 350 V2 "Triple White" Is Getting a Super-Limited Restock
Footwear

The YEEZY BOOST 350 V2 "Triple White" Is Getting a Super-Limited Restock

Find out how to nab a pair.
34,656 Hypes

More ▾
 
Subscribe to our Newsletter

Keep updated on the latest news.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.