![]() The market likes the latest changes from Netflix on plan pricing, the company’s stock is up over 6% at the time of writing. The extra cash will help to pay for Netflix’s huge investment in original shows and films and finance the heavy debt it has assumed to ward off rivals such as Amazon, Disney and AT&T. Netflix is expected to use the extra revenue to help with its large debts that it has amassed as it tries to fight off the competition: Between the plan price hikes and cutting out Apple as a middle-man, Netflix could see a healthy boost to its revenue for 2019.įurther, these Netflix changes come as Apple is set to launch its own streaming service as soon as March with the original content it has been working on over the last months. The email to subscribers is a reminder that each of Netflix’s plans in the United States will increase between 1 to 2. 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.Īll of this is more interesting in light of Netflix ending the option for customers to pay for the service through Apple/iTunes which means the company won’t have to pay Apple a 30% cut on subscriptions going forward. The price of the basic plan will rise from 8 to 9 per month, the. ![]() That’s a roughly 18% jump for the middle tier plan, and a 14% hike for the premium plan.Ī Netflix spokesperson shared the following statement with us about the news: The email to subscribers is a reminder that each of Netflix’s plans in the United States will increase between 1 to 2. 15, 2019 that the streaming site will raise their monthly prices from 11 to 13 - an 18 increase on the sites most popular package. Reported by CNBC, today’s news is that the same plans will now go from $10.99 to $12.99 and $13.99 to $15.99. A Netflix account is for people who live together in a single household. As a Netflix member, you are charged monthly on the date you signed up. The middle tier went from $9.99 to $10.99, while the top tier jumped from $11.99 to $13.99, an increase of 10% and 16%, respectively. Netflix offers a variety of plans to meet your entertainment needs. In 2017, Netflix raised the prices on two of its three streaming plans. ![]() These changes come ahead of Apple launching its own video streaming service as soon as March. ![]() (Nasdaq: NFLX) today announced the pricing of 1.2 billion aggregate principal amount of its 3. We saw the last price hike in October of 2017, and the latest jump is the biggest since the company’s launch. LOS GATOS, Calif., Ap/PRNewswire/ - Netflix, Inc. Disney is a unique case because the company will remove most of its content from Netflix so it can live on its own streaming service instead.Netflix has announced that it will again be raising its prices for its streaming video plans. There's also the threat of newcomers- Apple, AT&T, and Disney are all slated to introduce their own TV streaming services this year. By Todd Spangler Paul Sakuma/AP/REX/Shutterstock Netflix is flexing its pricing-power muscle to kick off 2019 hiking fees for all streaming-video plans for customers in the U.S. Doing so will help it compete better with existing rivals like Amazon Prime Video and Hulu. Clearly, Netflix sees its original content-shows like Stranger Things, Orange is the New Black, and The Crown as well as movies like Bird Box-as the lifeblood of the service, and it wants to continue to invest heavily in it. In recent years, Netflix has spent billions each year to produce original content and acquire the rights for existing content. That's always a threat with a price hike, but Netflix is likely hoping that the promise of more (and better) original content will keep customers around. Netflix currently offers three streaming plans: Standard with Ads, Standard, and Premium, ranging from 7 to 23 a month. The streaming company is raising prices for UK subscribers by as much as 20 per cent, with the cost of the most popular standard plan increasing by £1 to £8.99 per month, and a premium plan. The standard plan currently costs 11 per month, and it’s increasing 2. While all Netflix users will spend just a few dollars more per month, that may be enough to prompt some to cancel their subscriptions. Buy Now Buy Now If you have the basic Netflix plan, your subscription price is increasing 1, from 8 to 9 per month. "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," a Netflix spokesperson told The Wall Street Journal. Netflix has increased the price for all its subscription plans between 13 to 18 percent, with the most popular plan now costing 13 a month.
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