Netflix just hiked prices again — here’s what you’ll have to pay

Netflix simply hiked prices again — hither's what you lot'll have to pay

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The Upside Downward is going up — in toll. Netflix is raising the price of two of its plans for U.Due south. customers.

The most popular Standard program volition increase by a dollar to $13.99 and the 4K-inclusive Premium programme will now cost two dollars more at $17.99 per month, according to a study at The Verge. Only the basic plan, which doesn't stream in Hard disk, volition remain the aforementioned at $8.99.

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Netflix final raised its prices for U.South. subscribers in January 2019. A company spokesperson told The Verge that the prices are increasing "so that we tin continue to offer more variety of TV shows and films."

The price hike comes during the coronavirus pandemic, which has led to the shuttering or restriction of most amusement options like picture show theaters and concert halls. But streaming services like Netflix experienced a surge of demand in the early months of the pandemic.

Nevertheless, that demand has waned in recent months. Last quarter, later six months of record-breaking growth, Netflix reported its smallest subscriber increase since 2016. The company told shareholders that the slowdown in growth was expected as stay-calm orders lifted.

The price increment immediately triggered a 5% spring in Netflix stock, according to CNBC.

The new plan fees are already listed on Netflix'southward help website. New subscribers are field of study to the new prices immediately, while electric current subscribers will see them roll out with their billing cycles over the next few weeks.

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New Netflix Plan Prices

Plan	Price	Simultaneous streams	Video quality
Basic	$8.99	one	SD
Standard	$13.99	2	Hard disk
Premium	$17.99	iv	Hard disk and 4K Ultra HD

Netflix has recently canceled a number of shows, citing the difficulty or cost of production during the pandemic. They include GLOW, Away, Teenage Bounty Hunters, I Am Not Okay With This and The Social club.

Simply the streaming service insists it has a wealth of forthcoming content and its product pipeline is full and flowing. In a letter to shareholders, the company said, "For our 2021 slate, we continue to expect the number of Netflix originals launched on our service to be upward year over year in each quarter of 2021 and we're confident that we'll have an exciting range of programming for our members, especially relative to other entertainment service options."

Indeed, Stranger Things season four has resumed filming. So has The Witcher season 2. Y'all flavour 3 is expected to outset upwards shortly. That'southward non to mention the already-completed shows and movies that volition coil out in the next few months, similar Ma Rainey'due south Blackness Bottom, Mank, Ryan Murphy's Prom, Shonda Rhimes' Bridgerton and Cobra Kai flavour three.

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Kelly is a senior writer covering streaming media for Tom's Guide, so basically, she watches Tv for a living. Previously, she was a freelance amusement writer for Yahoo, Vulture, Boob tube Guide and other outlets. When she'southward not watching TV and movies for work, she's watching them for fun, seeing live music, writing songs, knitting and gardening.