Netflix is bumping up the cost for most of its monthly plans in the US, for existing and new customers.
It’s become a seasonal must: less than 18 months after its last price increase, it’s already time for a new Netflix price hike.
Related | Netflix Is Working On A Live Action Assassin’s Creed Series
Netflix does not provide an explanation for its price hike. However, it is easy to guess that with an ever-growing number of competitors (minus Quibi now) fighting for our attention and need for entertainment, and the added cost of producing original content during the COVID-19 pandemic, their operating costs have likely gone up.
For the consumer, like you, it will mean an increase of $1-$2 on most plans. The “Premium” plan (4k and 4 simultaneous streams) will increase from $15.99 a month to $17.99, while the “Standard” plan (1080p and 2 simultaneous streams) will increase from $12.99 a month to $13.99. Only the “Basic” plan will stay the same at $8.99 per month:
The price hike is effective immediately if for all new customers. If you’re an existing customer, meanwhile, expect the price increase to take place sometime within the next two months according to CNBC.
You might also like
More from Lifestyle
This Levitating Baby Yoda Figure Is For The Ultimate Star Wars Fan
Forget plush toys. Mattel is giving you the opportunity to bring home an extremely rate levitating Baby Yoda figure.
IKEA Introduces Disassembly Guides To Help Your Furniture Live Longer
The IKEA disassembly guides are part of the company's pledge to lower its carbon footprint and champion sustainability.
Fortnite Announces Short Nite, Its Own Film Festival
Fortnite has announced the Short Nite Film Festival with screenings for 24 hours on Party Royale's Big Screen.
Justin Bieber Will Perform Live On TikTok For Valentine’s Day
Justin Bieber will go live on TikTok, performing tracks from his 2013 Journals release for the first time.
Nike Is Valentine’s Day Ready With These Limited Edition Sneakers
Gear up for February 14th with these limited-edition Nike Valentine's Day sneakers that are sure to have your heart fluttering.
Animal Crossing Now Has An Official Makeup Line
Nintendo's top game Animal Crossing is launching an official makeup line in collaboration with cosmetics brand ColourPop.
Oakley Launches Its Own Reusable Face Mask
Oakley's MSK3 reusable face mask won't protect you from COVID-19, but at least it won't fog your glasses.
This Nissan Caravan NV350 Is The True Solution To Work From Anywhere
Remote working is taking a whole new meaning with the Nissan Caravan NV350 which allows its occupants to truly work …
Relieve Your Stress While Building This LEGO Bonsai Tree
As more and more adults are looking to relieve stress, LEGO has launched a beautiful Bonsai tree kit for you …