Prices become increase again by Netflix

Netflix

Netflix Increase Prises Again:

Have you heard? that Netflix is raising prices again in shorter period of time. You will surprised to know that standard plan will go from $9.99 to $10.99 per month and the premium plan will jump from $11.99 to $13.99 per month. The good news is that the basic plan will remain at $7.99, which only offers standard definition (SD) video on one screen.

Netflix has already begun raising prices for new customers and will begin increasing prices for current subscribers as well on October 19 this year. Current customers will be notified 30 days before this change in advance.

Here is how Netflix justified the price increase in a press release recently made:

Its most popular plan, which costs $10 for high definition (HD) and viewing on two screens simultaneously, will increase by $1, to $11 per month. The premium plan, which currently is priced at $12 for 4K (Ultra High Definition – UHD) and streaming on four screens simultaneously, will cost $14 with $2 increase in price. The price of the basic plan, which allows for one screen and SD viewing, remains unchanged at $8 per month for subscribers.

The price change will take effect for current subscribers starting October 19th, 2017 depending on their billing cycles. Subscribers will receive a 30-day notice before the higher prices take effect. New subscribers will see the price increase starting from today. However, as the streaming service is spending more money on original content, subscribers should not be surprised that it’s reflected in pricing.

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

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