In Canada, Netflix’s standard plan also went up 1.50 to 16.49 Canadian and the premium plan rose 2 to 20.99 Canadian. “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience,” the company said in a statement. Netflix, Disney, and AMC were applauded for double-digit price hikes for their flagship offerings. The premium plan increased 2 per month, to 19.99. In the past, changes like these have convinced some subscribers to cancel their service altogether, and as there is no way to avoid paying more by changing to another plan, it seems likely that there will be a similar backlash this time as well. The last time Netflix changed its prices was in late 2017, but this is the first time a price hike has ever hit every subscriber at once. Netflix posted 8.83 billion in revenue for the fourth quarter of 2023, up more than 12 year over year. Netflix has three different plans for users to choose fromBasic. This marks the fourth price increase that Netflix has rolled out in the US. If you take a look at Netflixs pricing plan page, it appears new customers joining in 2019 are already paying the new prices. It’s the third price increase since 2019. Disney+ in August hiked prices by 3 a month. Netflix announced that all of its tiers would get an immediate price hike for new subscribers, boosting its most expensive plan to 20 per month. Read more BGR: T-Mobile added a record number of subscribers in its best quarter ever Raising prices along with its competition Netflix last raised prices in January 2022, but its biggest competitors have all raised prices since then. The price hikes affect all new subscribers immediately, as you can see on the Netflix signup page, but current subscribers will begin to see the new prices reflected in their bills over the next three months. As CNBC points out, that’s still cheaper than HBO NOW, which costs $14.99 a month, but upping the price of its most popular plan will certainly have plenty of subscribers up in arms.Īs for the basic plan - which doesn’t include HD video and can only stream on one screen at a time - the price has been increased from $7.99 to $8.99, while the premium plan - Ultra HD and four screens - increased from $13.99 to $15.99. Read more BGR: Smartphone production could plummet 19% this quarter to its lowest point since 2013Īs reported by CNBC on Tuesday morning, the standard plan - which offers HD video and allows users to watch from up to two devices at once - will be subjected to the largest price hike, percentage-wise, as it climbs from $10.99 a month to $12.99 a month. The price of Netflix’s basic plan will increase by £1 to £7.99 per month in. Netflix increased the prices of all three of its US plans on Tuesday, some by as much as 18%, which makes this the most substantial price jump since the streaming service debuted in 2007. Netflix is raising prices in the UK as the maker of The Crown looks to boost profits following a jump in.
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