Entertainment

Netflix has an effect of increasing prices for the US, Canada

In what is becoming a annual tradition, Netflix is increase its subscription price in the US and Canada. Effective immediately for new customers and “gradual” for existing subscribers – Netflix will give users 30 days notice of their price increase – all plans go from $1 to $2.

As first reported by ReutersNetflix says the increase is to help cover the cost of an active production vehicle, as competing streaming services have entered the market in hopes of becoming the entertainment platform of choice.

Netflix currently offers three subscription levels, distinguished by video quality and the number of concurrent streams allowed. The Basic plan – which has a $1 increase in monthly cost, from $8.99 to $9.99 – allows standard definition (480p) streams for a single device. Netflix’s Standard plan adds one more display and upscales the resolution to 1080p HD, for $15.49 per month ($1.50 up from the previous price of $13.99 a month) ). Premium allows for a total of four screens and offers 4K streaming, with a monthly subscription of $19.99 (a $2 increase from the previous price of $17.99).

You can see a breakdown of levels, with new prices listed, on Netflix support page.

As the most premium streamer, by default, Netflix raised the price the most – like a chart from The Verge shows, long gone are the early days of 2011, when there was only one Netflix plan and it was only $7.99 a month. But that was from the past The Witcher. Do we want to go back to that? (Probably.)

https://www.polygon.com/22884338/netflix-price-increase-subscription-2022 Netflix has an effect of increasing prices for the US, Canada

Aila Slisco

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