Netflix announces its biggest price increase yet

Netflix Is Raising Prices Here's What You Need To Know

Plenty of Netflix users and cord-cutters opt to pay for multiple streaming services instead of regular cable, but mounting subscription prices add up and can end up being the same. The basic single-screen SD plan has remained at $8 through past price hikes, but this time it's going up to $9. The wildly popular streaming service is increasing the price on it plans as content costs continue to soar and competition from Disney and others intensifies.

Today marks the fourth time Netflix has increased its subscription cost in the US. Existing customers will reportedly see their bills increase during the next three months.

Those countries include countries in Latin America and the Caribbean such as Uruguay, Barbados and Belize, where the firm also sets prices in dollars.

US subscribers will see their monthly rates climb by 13 percent to 18 percent - that largest increase since Netflix launched its streaming service more than a decade ago, EW has confirmed. Wall Street welcomed news about the rate increases, with Netflix shares rising more than 6 percent to around $355 in trading midday Tuesday. Netflix has continued to invest in original programming over the past few years, going away from the licensed IP model it had towards the beginning.

This will impact the existing 58 million U.S. users and any future subscribers. There's no word on United Kingdom or European price changes as yet.

This has happened in the past as well whenever Netflix raises its prices. Netflix's shares went up 5.9% after the announcement was made. The company, which operates virtually around the world except China, didn't specify any plan for increases in other big markets in Europe or Asia.

Speaking to his 6 million+ followers shortly after the announcement, T-Mobile CEO John Legere confirmed that the carrier's Netflix On Us promo would continue to cover the extra cost "for now". Walt Disney is gearing up to launch a streaming channel this year.

The streaming service space is certainly growing more crowded each day as numerous big-name content creators dive in for a piece of the Netflix streaming pie.

Related News:



Most liked

Jayme kidnap suspect spotted 13-year-old as she got on bus
And how did she manage to escape? She added that they are "not asking" Jayme questions right now following her rescue on Thursday. My sister Denisey-Pooh and Jim. we have your baby girl in our arms and may you both now Rest In Peace, we will never forget you.

Pep Guardiola lauds Wolves star Ruben Neves
Guardiola tried to sign Jorginho from Napoli to fulfil that role last summer but the player opted to join Chelsea instead. The former Barcelona and Bayern Munich boss added: "Specifically with Fernandinho's role, it's so hard to find".

Bayern Munich raise offer for Chelsea’s Callum Hudson-Odoi to £35m
No because I am not in charge of these questions and don't want to speak to a player on something that doesn't depend on me. When the winger was asked about the Liverpool links, he added, "I do not want to talk about that".

Poland arrests Chinese businessman suspected of spying
The Chinese national is a sales director while the Polish is a former high-ranking official at Poland's internal security agency. The Chinese ministry of foreign affairs said it was "greatly concerned" and that it expects Poland to "justly" manage the case.

Freddie Kitchens has 'good chance' of being Browns' next coach, report says
Additionally, Kitchens and the Browns offense ranked 11th in points per game in the final three weeks as well. According to one of the sources, the Browns are narrowing the search, which includes Kitchens , 44.

Ex-Russia inquiry chief Rod Rosenstein 'plans to resign'
The newspaper also reported that he suggested secretly recording Mr Trump to expose White House turmoil and dysfunction. President Trump has complained in public about how Rosenstein signed the FISA surveillance warrant for Page.

Secret Star: This woman is smuggling in all the Golden-Globes
She also said the report that it was "calculated" wasn't true-though it seems likely that maybe Fiji , um, told her to say that. If you Google " Fiji Water ", the first question that pops up is, "What is so special about Fiji Water ?"

A deal's a deal says Varadkar
All three Sunderland MPs have signed a cross-party letter to Theresa May calling on the Prime Minister to rule-out a No Deal Brexit .

Captain Marvel's Ben Mendelsohn On Playing A Skrull: 'We Rule The S
Maybe Captain Marvel actually does have the power to time travel in the MCU . Let me put it another way: Captain Marvel is pretty good.

Glenn Close Wins the GOLDEN GLOBE for Best Actress, Motion Picture, Drama
Mahershala Ali , who played renowned pianist Don Shirley in the film, took home the Golden Globe for best supporting actor . Olivia Colman won best actress in a musical or comedy for her performance as Queen Anne in The Favourite .

Kelly Threatens to Sue Lifetime Over ‘Surviving R. Kelly’ Docuseries
Kelly - and is suing him for allegedly giving her herpes - claimed he also videotaped himself having non-consensual sex with her. She event turned down an offer in the high-six figures to film herself calling a truce with Kelly, saying she can not be bought.

Steven Davis set to leave Southampton to join Rangers
Jermain Defoe began his career at West Ham United, he made his senior debut at 18 in 2000. The loan agreement would contain two options for Bournemouth to recall Defoe.

House Democrats pass bill to end shutdown, reopen government
The full-year funding bill for eight departments passed on a 239-192 vote, with five Republicans joining all Democrats in favor. Trump said his meeting with the union officials had always been planned and just happened to come at "a very opportune time".

Trump considering former Democratic Senator Webb for defence secretary
David Norquist, the Pentagon's comptroller, will perform the duties of the deputy as well as retain his current title. In December 2017, Trump credited Mattis for progress in defeating Islamic State in Iraq and Syria (ISIS) terrorists.

Kim Jong Un warns of 'new path' if stalemate with U.S. persists
The young North Korean leader also called on Washington and Seoul to end the joint military drills between the two countries. Secretary of State Mike Pompeo and senior North Korean officials after the North canceled it at the last minute in November.