The Streaming Company Netflix recently announced that it would be increasing its prices again, making it the sixth price hike since 2014.
According to the new price chart, it would be a $1 increase for the Standard Plan and a $2 increase for the Premium Plan that includes 4k Streaming. The New Monthly Price for the Standard Plan is $15.50 over its previous price of $14.
As mentioned previously, this is the sixth price hike according to IGN which was $8.99. Netflix even held a promotion where subscribers could keep the original $7.99 price for a full two years before the price change came into effect. Since then, the price hikes have been usually around $1 or $2, but in a statement to Reuters, Netflix says it’s updating prices “so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget.” Netflix has a Basic Plan that costs $9.99 a month but doesn’t include HD streaming
Netflix subscribers will receive an email notification 30 days before their prices change.
SOURCE: IGN
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