Netflix Raises Prices, Premium 4K Plan Now Costs $18 Per Month

[MacRumors]

Netflix today announced a price increase, which will make the standard and premium plans more expensive, while pricing on the entry-level plan remains the same.

The basic plan that limits quality to standard definition continues to be $8.99 a month, but the standard plan will now be priced at $13.99 (up from $12.99), and the premium plan will now be priced at $17.99 (up from $15.99).

The standard plan lets people watch in 1080p quality and includes streaming on two screens, but those who want to watch 4K Netflix content or watch on up to four screens at a time need to subscribe to the most expensive premium plan.

Netflix previously raised prices in January 2019, raising the cost of the standard tier from $10.99 to $12.99 and the cost of the premium tier from $13.99 to $15.99.

The changes will take effect immediately for new customers who sign up to Netflix, and current customers will see the updated prices on their bills over the course of the next two months, according to CNBC. Customers will get a 30 day warning prior to the price hike.

During the last Netflix earnings call, Netflix COO Greg Peters said that if Netflix is delivering more value for users, then there is "an opportunity to occasionally go back" and ask members "to pay a little bit more."

Article Link: Netflix Raises Prices, Premium 4K Plan Now Costs $18 Per Month

 

[crescentmoon]

Goodbye Netflix....

 

[fbr$]

"The basic plan that limits quality to standard definition continues to be $8.99 a month"

Why does this thing still exist?

 

[Darkwalker]

Gotta compete with apple one somehow!

 

[randolorian]

Be careful, Netflix. You have a lot of strong competition right now.

 

[Attirex]

"a little bit more"....

And is it my imagination, or is Netflix original content totally B-movie schlock? Netflix is the new grindhouse!

 

[mattopotamus]

Smart timing. I don't blame them.

 

[testcard]

I’ll probably bite the bullet and stick with the Premium plan.

 

[steevn]

We gave up Netflix two months ago because we couldn’t justify the price. Now I know we won’t be coming back....
I imagine I’ll subscribe one month at a time 1-2 times per year to catch up on some shows, but it’s just not worth that price.

 

[welshboyuk]

Trouble is if Apple had similar content then I’d get rid but it doesn’t and kids also have it on there tv’s so might have to bite the bullet if they increase in the UK too

 

[kasei]

A captive audience is always at the mercy of those providing the want. I may have to take a look at all of the streaming services we have and determine which one is delivering the most and make some cuts.

 

[ksec]

"The basic plan that limits quality to standard definition continues to be $8.99 a month"

Why does this thing still exist?

I much rather they raise that by a Dollar and give 720P as standard.

 

[sdwaltz]

Netflix seems to be less and less worth it as time goes by. On the whole, mediocre content at best with a few five-star originals a-la Stranger Things.

 

[Braderunner]

They're doing like cable and satellite companies. Increase prices for the subscribers they still have, to make up for the ones they lost.

 

[Apple_Robert]

"The basic plan that limits quality to standard definition continues to be $8.99 a month"

Why does this thing still exist?

Not everyone has a 4K tv or cares about such.

 

[dannyyankou]

1080p should be their base plan, lol

 

[AppleFeller]

The middle plan should offer 4K by now, the definition segmenting is f*cked

 

[Macropanda]

I cancelled when they starting cancelling shows like The OA and Mindhunter.
I don’t get how they can justify raising the price when their current strategy is attract new people with new shoes then cancel that show after a season or two and without a proper ending.

 

[HiVolt]

"The basic plan that limits quality to standard definition continues to be $8.99 a month"

Why does this thing still exist?

Yeah, it's mind boggling.

 

[TobyR]

As the value proposition increase fee increases are expected.

But 27%+ in less than 24 months raises an eyebrow. Not saying it isn't justified as demand for 4k increases but they have to be careful.

Anyone who goes full-indigence over this is certainly over dramatizing it.

 

[FranzMarc]

I’m probably gonna go back to just having one or two subscriptions active at any given time to binge watch what seems interesting.

Not gonna spend 40 a month on subscription TV...

 

[deathcab]

"The basic plan that limits quality to standard definition continues to be $8.99 a month"

Why does this thing still exist?

So they can (truthfully, but misleadingly) advertise unlimited access to all of their content for "only $8.99" knowing that most people except HD at a minimum these days.

 

[Mojohanna32]

Goodbye Netflix....

over $2? If you own an iphone, I find it hard to imagine that you can't afford $2. Netflix does provide some of the best content out there on a pretty consistent basis.

 

[munpip214]

"The basic plan that limits quality to standard definition continues to be $8.99 a month"

Why does this thing still exist?

There are still people who don’t get fast internet speeds and wouldn’t be able to stream anything better than 480p anyways.

 

[Packers1958]

Paying just a little bit more? $15.99 to $17.99 for the 4K plan is not a little more, it's 13% more. Inflation was not 13% in 2020, and considering there was not much new content due to Covid, it's just pure greed.