Much to our dismay, Netflix revealed in January that it would increase prices for US users and users in Latin American countries where it charges in US dollars. It told many subscribers this week that the hikes will take effect in May, though the increases have been rolling out over the last few months. If you signed up since Netflix announced the increases, you are already paying the higher prices.
If you remember, the basic plan is rising from $8 to $9, while the standard plan (which offers HD streaming on two devices simultaneously) is going from $11 to $13. The premium plan, which offers UHD streaming on up to four devices at once, will cost $16, up from $14.
The idea is that the increasing prices will help it pay for original shows and movies. Shows and movies like Stranger Things, Our Planet, Black Mirror and The Irishman aren’t cheap after all. And since we all enjoy this content, it’s hard to feel mad about a price increase.
Netflix is also spending for other popular programming for its library that it doesn’t create. It spent $12 billion on content in 2018 and that figure will rise to $15 billion this year. We are looking forward to more great shows and movies.
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