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Netflix raises monthly subscription prices for all plans |  KTAB

(NEXSTAR) – Netflix streaming service has reportedly increased its monthly subscription price in the US

The price will increase by around $1 or $2 per month, depending on the plan.

If you have the basic Netflix plan which only allows one stream at a time, your price will drop from $8.99 to $9.99. The cost of Netflix’s standard plan, which allows two simultaneous streams, will now cost you $15.49, up from $13.99. Those on the premium plan, allowing viewing of four screens at the same time, will now pay $19.99, up from $17.99.

Netflix did not immediately respond to a request for comment, but the new subscription prices are listed on the company’s website as of Friday afternoon. Netflix recently increased its subscription prices in October 2020. While the standard and premium plans have become more expensive, the basic plan has remained at $8.99 per month.

Subscription formula Old price (set in October 2020) New price
Basic $ 8.99 $ 9.99
Standard $ 13.99 $ 15.49
Premium $ 17.99 $ 19.99

While the price increase took effect immediately for new customers, existing customers will see the price change in the coming weeks. Reuters reports this is to help pay for new programming on Netflix.

Friday’s announcement of the subscription price increase comes after a week full of new programming announcements. Among these are two new documentary series. One will follow male and female professional tennis players throughout the 2022 season while the other will follow the top professional golfers on the PGA TOUR.

Netflix experienced a boom in subscriber growth at the start of the COVID-19 pandemic, but it slowed until “Squid Game” hit the platform in September, Reuters reports. Netflix has approximately 213.6 million subscribers worldwide.


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