Netflix Is Increasing Its Monthly Subscription Cost

Netflix is raising its prices for US subscribers

TV and movie streaming giant Netflix is increasing the price of some of its subscription packages, with users to be charged an extra 50p or £1 per month. Netflix will now charge $11 per month instead of $10 for a plan that includes HD and allows people to simultaneously watch programs on two different internet-connected devices.

Netflix Inc. quietly hiked the cost of two of its subscription tiers slightly on Thursday.

"This timing coincides with what we expect will be a strong fourth quarter of 2017 content slate, which could help minimize churn", Doug Mitchelson, an analyst at UBS, said in a note to clients.

The standard United Kingdom price plan will rise by 50 pence, from £7.49 to £7.99, whilst the premium price plan will rise by a whole pound, meaning it will now cost £9.99 a month.




Here's the scoop: New users will face a $10.99 monthly subscription fee, as opposed to the usual $9.99 rate.

In the USA, meanwhile, the standard price plan is going up $1 and the premium package will increase by $2. The company's chief content officer Ted Sarandos recently confirmed that Netflix will spend $7 billion on content next year alone. Netflix has already started raising the cost for new customers in the U.S. The price increase will begin for current subscribers on October 19. The firm order for 75 aircraft had a list price of US$5.6 billion, although large orders typically secure large discounts. Perhaps now the company has demonstrated more value with its original programming, as social media response has been tepid when compared to earlier such announcements.

Netflix's pricing isn't obscenely high, it costs less than streaming services like Spotify, and the original content like Marvel's Daredevil, Stranger things, Orange is the new black among others make it worth it for viewers who are interested in them. But don't think we didn't notice, Netflix.

Will Netflix's price change prompt you to stop using the service or are you unfazed by the price hike?

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