Netflix raises prices on standard and premium plans

Netflix raises prices on standard and premium plans

Netflix has increased prices for customers in the United Kingdom and US. Higher-tier subscribers will receive emails notifying them of the price hikes. Meanwhile those subscribers on the premium plan - which allows up to four screens, and is available in Ultra HD - will jump from $11.99 to $13.99. Keep in mind, the prices shown below don't reflect the new price changes. Beloved movie and TV streaming service Netflix is raising its subscriptions prices starting this month, as Mashable first reported and TechCrunch confirmed.

Those who are currently on the $9.99 plan will now have to add one more dollar and pay $10.99 per month.

Just past year, Netflix hiked the member rate for the standard HD plan to $9.99, a whole dollar increase from $8.99.

Pricing for the basic single-stream plan will remain unchanged at $7.99 per month. From 19th October 2017, users will begin to be emailed about the price change, but it will be at least 30 days until the actual change comes into effect.

It's understandable that people would be upset over price increases, but these probably aren't the last ones that consumers will have to deal with. This latest price increase was inevitable and it will likely rise again at some point.

All your favourite Netflix shows are about to come at a higher price.

Ted Sarandos says Netflix content budget will be "closer to $7 billion" next year. As a result, they need to replenish the coffers, and that means charging customers more.

Other streaming platforms like HBO Now, Amazon Prime and Hulu have their place but they still have a ways to go before they catch up with the original content that Netflix is steamrolling out.

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