Netflix Hikes Prices by $1 for New Members
During its most recent earnings report, Netflix said it planned to increase subscription prices by a dollar or two in the coming quarter. A few weeks later and here it is: Netflix will raise its monthly subscription prices by one dollar — from $7.99 to $8.99 — for all new subscribers.
Existing members will continue paying $7.99 for the next two years. Netflix is instituting similar changes in its European territories.
Why is Netflix increasing prices? Content and technology, the company said in an official statement:
Tags: Netflix, SVOD
“To continue adding more movies and TV shows and delivering a great streaming experience, we previously announced that we planned to increase our price slightly for new members. That increase is happening today.”