Netflix Increases Its Monthly Subscription Fee

Netflix is elevating its subscription fee for the first time in 2 years. Nevertheless, the costs are being raised for the Standard tier and Premium tier.

The Premium tier, which presents Extremely HD streaming for as much as four customers concurrently and prices $11.99 normally, will now be priced at $13.99, $2 greater than it normally is. The Standard subscription, which presents HD streaming for as much as 2 customers at a time and prices $9.99 normally, will now be priced at $10.99 per 30 days, a dollar greater than before. The basic subscription’s value will stay identical at $7.99 per 30 days.

Right here’s what a Netflix spokesperson stated in an announcement to The Verge:

From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster

Earlier than as we speak, Netflix elevated the subscription value in 2015. Which implies it’s the first time in 2 years that Netflix has elevated its costs once more. The brand new pricing is at the moment valid for the US only. However, Netflix will quickly enable the new costs on different international locations as well.

Netflix is planning to spend some huge cash for the Netflix original content. In accordance with Netflix chief content officer, the corporate will spend $7 billion on the original content in 2018.

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