Netflix Raising Its Prices Once Again

Netflix Raising Its Prices Once Again

photo credit: r.classen // Shutterstock

Its that time of year again. Netflix is raising their prices. Just when you get used to one price, they take it up some more. Soon we’ll be paying $20 a month for Netflix and just kicking cable to the curb, if you haven’t already.

Netflix’s popular plan, which features two screens of HD streaming, will go from $10.99 to $12.99. The least inexpensive plan of one screen will go from $7.99 to $8.99 and the premium option will go from $13.99 to $15.99.

The price change will not affect current Netflix users just yet, but in about 3 months, you’ll see a change. Existing users will be notified about the price increase via email. For new subscribers, the new prices will start almost immediately.

Like you may assume, the prices must go up so they can continue to pay for their original content. With huge names like Will Smith and Sandra Bullock joining the Netflix family, we all saw this coming. The company reportedly spent between $12 billion and 13 billion in 2018 to fund its original content such as “13 Reasons Why,” “Orange is the New Black” and the recent hit film “Bird Box.”

A spokesperson for Netflix said, “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members.” This is reportedly the company’s fourth time raising its streaming plan prices. They last raised its prices back in 2017.

Written by Clarke Jones

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