Post by Captain Stud Muffin (BLM) on Jan 15, 2019 15:29:31 GMT -5
Netflix is once again raising its subscription prices in the United States.
Reported by CNBC, Netflix’s basic SD plan is going up from $8 to $9 a month, its standard HD plan is going up from $11 to $13 a month, and its premium 4K plan is going up from $14 to $16 a month.
The basic plan lets users stream one show or movie on one device at a time in standard definition, the standard plan allows users to stream to two devices at the same time in high definition, and the premium plan allows users to stream to up to four devices at the same time in high definition and ultra high definition.
This price increase is reportedly the largest in history for the streaming service, ranging from a 13-18 percent increase, depending on the plan. The increase will become effective immediately for all new members, and will be phased in over the next few months for current members. This is reportedly the fourth time the streaming service has increased its prices since it launched in 2007.
Along with this price increase comes a six percent stock boost for the company, as its price increases have historically been good for the streaming giant’s investors. Some other countries, including those in Latin America and the Caribbean, will also receive higher rates. Some major international markets within those areas, including Mexico and Brazil, won’t be impacted by the change.
While regular price increases are standard, these could be coming specifically to offset the growing costs Netflix has taken on during its recent buying spree. It reportedly outspent every major Hollywood studio last year, even buying its own production studio.
The constant stream of new and acquired content is evident, with all of the new films and shows that came to the service in January 2019, like the upcoming FYRE documentary, the creepy Lifetime show You, various fantastic horror movies, and more which join the likes of Netflix originals like the highly successful Bird Box.
Though Netflix continues to be extremely successful, it will have to continue providing quality content to stay on top, as incoming streaming competition is growing by the day. The Disney+ streaming service is set to launch this year, bringing with it much of Disney’s considerable back catalogue and fresh new content, like the original Star Wars show The Mandalorian.
Reported by CNBC, Netflix’s basic SD plan is going up from $8 to $9 a month, its standard HD plan is going up from $11 to $13 a month, and its premium 4K plan is going up from $14 to $16 a month.
The basic plan lets users stream one show or movie on one device at a time in standard definition, the standard plan allows users to stream to two devices at the same time in high definition, and the premium plan allows users to stream to up to four devices at the same time in high definition and ultra high definition.
This price increase is reportedly the largest in history for the streaming service, ranging from a 13-18 percent increase, depending on the plan. The increase will become effective immediately for all new members, and will be phased in over the next few months for current members. This is reportedly the fourth time the streaming service has increased its prices since it launched in 2007.
Along with this price increase comes a six percent stock boost for the company, as its price increases have historically been good for the streaming giant’s investors. Some other countries, including those in Latin America and the Caribbean, will also receive higher rates. Some major international markets within those areas, including Mexico and Brazil, won’t be impacted by the change.
While regular price increases are standard, these could be coming specifically to offset the growing costs Netflix has taken on during its recent buying spree. It reportedly outspent every major Hollywood studio last year, even buying its own production studio.
The constant stream of new and acquired content is evident, with all of the new films and shows that came to the service in January 2019, like the upcoming FYRE documentary, the creepy Lifetime show You, various fantastic horror movies, and more which join the likes of Netflix originals like the highly successful Bird Box.
Though Netflix continues to be extremely successful, it will have to continue providing quality content to stay on top, as incoming streaming competition is growing by the day. The Disney+ streaming service is set to launch this year, bringing with it much of Disney’s considerable back catalogue and fresh new content, like the original Star Wars show The Mandalorian.
Not all that surprised and surprisingly not all that mad either. They have been doing better with their programming and the pricing is still relatively cheap
