Netflix Increases Their Subscription Rates

by | Nov 4, 2020 | Entertainment

Sucks to say but you need to know that Netflix has raised the prices on both its standard and premium subscription plans.

The standard plan received a $1 increase that will now cost U.S. customers $13.99 a month and the premium plan jumped $2 to a $17.99 fee per month. Good to know that the price of the basic plan hasn’t changed at all and remains at $8.99 a month.

What’s behind their reasoning for the price hike? Netflix wants to continue to provide high quality shows and services to their U.S. based audience.

“We understand people have more entertainment choices than ever, and we’re committed to delivering an even better experience for our members,” a spokesperson for Netflix told Cnet. “We’re updating our prices so that we can continue to offer more variety of TV shows and films — in addition to our great fall lineup. As always we offer a range of plans so that people can pick a price that works best for their budget.”

Although the coronavirus epidemic affected a large amount of major movie studios, Netflix received a surge of new subscribers since many people found themselves stuck at home this year. Not only did they succeed in maintaining their status as one of the most preferred online streaming providers, they obtained a $17 billion content budget to continue providing content that keeps us hitting that “next” button episode after episode.

As Netflix subscribers, it’s easier to stay subscribed since we know we can’t live without the insatiable amount of content being thrown at us every week by the streaming service. What do you think about the increase of their prices?

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