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Ouch! Netflix Is Raising Its Prices, So You Better Binge Now

08 October 2017

Bringing the standard plan price up to $10.99 and the Premium plan to $13.99.

LOS GATOS You're going to have to dig a little bit deeper into your wallet to pay for the privilege of watching "Stranger Things", "House of Cards" and everything else on Netflix. That's $1-2 extra per month, which doesn't sound like a lot, but that's $12-24 per year, depending on the plan you have.

Wedbush's Michael Pachter, who is bearish on Netflix, said he doesn't expect the hike to push subscribers away, but thinks attracting new subscribers will be more hard and expects net adds to be down year-over-year in 2018.

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Netflix Inc. quietly hiked the cost of two of its subscription tiers slightly on Thursday.

The price changes will roll out to United States members over the course of the next several months, according to Netflix.

Why is Netflix raising its prices in the UK?

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The standard plan which allows subscribers to watch on two screens simultaneously will now cost $10.99 instead of $9.99.

With Disney and others pulling content off Netflix, the video streamer has been one of the leaders in its industry when it comes to producing its own material.

The Sun is reporting that if you're using the basic price plan of €7.99 a month then nothing changes. Woo! The company is spending around $6 billion on programming this year, projected to rise to $7 billion in 2017. Back in 2011, the company saw hundreds of thousands of customers drop its service after it said it would no longer include streaming and DVD rentals in a single subscription. USA users should expect their prices to go up in November, and a notification will go out via e-mail October 19.

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The online media business ended the USA trading day around 5% higher Thursday, which brings the year-to-date gain of the company's stock price above the 50% mark. This made a lot of people ask whether or not this would effect T-Mobile's Netflix On Us promotion and, it doesn't. This is the cheapest option, and is now not subject to the price increases.

Ouch! Netflix Is Raising Its Prices, So You Better Binge Now