Netflix today announced an increase in prices, which will make the standard plan and premium plan more expensive, while the price of the entry-level plan remains the same.
The basic plan that limits quality to standard definition is still $8.99 per month, but the price of the standard plan is now $13.99 (previously $12.99) and the price of the premium plan is now $17.99 (previously $15.99).
The standard plan allows people to watch at 1080p quality and includes streaming on two screens, but people who want to watch 4K Netflix content or watch on up to four screens at once need to subscribe to the most expensive premium plan.
Netflix previously increased the price in January 2019, increasing the price of the standard tier from $10.99 to $12.99, and the price of the premium tier from $13.99 to $15.99.
This change will take effect immediately for new customers who sign up for Netflix. According to current customers, they will see the latest prices on their bills within the next two months. CNBC. Before the price increase, customers will receive a 30-day warning.
Netflix chief operating officer Greg Peters said in the last Netflix earnings conference call that if Netflix brings more value to users, then “there is a chance to go back occasionally” and ask members to “pay more.”
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