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Netflix raises the prices of standard, premium plans for new and existing members



Netflix is ​​raising prices for both current and new members.

The streaming giant’s standard plan will now cost $ 13.99, up from $ 12.99, while the premium plan is now $ 17.99, compared to the previous $ 15.99. , according to the streaming service̵

7;s “help center”.

The standard bundle allows two different devices to play at the same time, and the premium plan can hold four.

Netflix will not change the price of the basic plan, which only allows one device to stream.

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New members signing up to the platform will see the updated price instantly, while existing users will receive a 30-day advance notice of the price increase. Existing customers will likely see an updated price on their invoice over the next two months.

Netflix is ​​raising prices for both current and new members. (AP Photo / Jenny Kane, File)

“We understand people have more entertainment options than ever and we are committed to providing a better experience for our members,” a Netflix spokesperson told CNET, “We are updating. price to keep offering more TV shows and movies – in addition to our fantastic fall lineup.As always, we offer a wide range of plans so everyone can choose a price point best suited to their pockets. “

Ticker Protect Final Change Change %
NFLX NETFLIX INC. 504.21 +17.97 + 3.70%

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In July 2019, Netflix experienced a drop in the number of subscribers in the US – 123,000 – after a price hike announced in January earlier. That marks the biggest price increase ever – $ 2 per month for the standard plan, $ 1 for the base plan – since the company launched its streaming service for more than a decade. before.

However, for the full year of 2019, Netflix ended the year with more than 26 million new subscribers worldwide. As of July 2020, Netflix has recorded more than 190 million subscribers globally.

Netflix did not immediately respond to FOX Business’ request for comment.

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