Netflix is Raising Subscription Prices in Largest Price Hike Ever

/Film | 1/15/2019 | Hoai-Tran Bui
kringkring (Posted by) Level 4
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Netflix is raising its prices — again. But while the last Netflix price hike at the end of 2017 raised its subscription plan prices by a small percentage, Netflix is immediately implementing its biggest price hike in company history.

Subscribers can expect their subscription rates to increase by anywhere from 13 to 18 percent, according to TV Line. Netflix announced a January price hike effective immediately, which will see the Basic plan cost rise from $8 to $9 while the streaming service’s most popular option, HD standard, will now run you $13 a month, up from the previous $11 a month. The most expensive plan, 4K Premium, will increase from $14 to $16.

Company - Price - Increase - Aftermath - Drop

This will be the company’s first price increase since late 2017, the aftermath of which saw a significant drop in new subscribers. But in a statement accompanying the latest price hike, Netflix explained:

“We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience.”

Hopefully - Netflix - Experience - Amounts - Crisis

Hopefully “improving the overall Netflix experience” amounts to more than running crisis control...
(Excerpt) Read more at: /Film
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