Netflix Increases Prices!

Netflix Increases Prices!

I know what you’re thinking, “10% increase, they must be nutz!” Let’s keep this within reason, Netflix is raising most of their monthly subscription rates by $1.00.

The price increases will be passed along to new members effective immediately. Existing users will be subject to the same increases once Netflix notifies them by email in the upcoming weeks.

New Netflix Prices

Basic Plan – Increase from $7.99 to $8.99 / month

Standard Plan – Increase from $9.99 to $10.99 / month

Premium Plan – Increase from $11.99 to $13.99 / month

Why is Netflix increasing prices?

Netflix continues to invest in original content like Orange is the New Black, House of Cards and Ozark.

Also, new competing streaming services are launching every year: Disney streaming and CBS streaming services.

The only consumer segment this might hurt is the children dependant on these funds to satisfy their candy addictions. Otherwise, we’re just interested in seeing the next season of Stranger Things.

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