Netflix Price Increases. Starting from January 14, in the US Netflix now costs at least one dollar more for all their plans of the three plans offered, meaning that the company’s 4K customers are now paying $20/month for the service. The company has also decided to increase its plans in Canada.
Netflix Price Increases
Netflix has been raising its plans little by little over the past years, and slowly it has been climbing from$11.99 for the 4K Premium plan in 2015 to the most recent $17.99/Month rate. The changes are expected to take place today with a two-dollar price hike, pushing the premium plan to $19.99/Month.
Two other smaller plans have experienced some increase, though not quite as drastically. The Basic Netflix plan actually does not offer to stream in HD resolution and it has increased by one dollar from $8.99/month to $9.99/month. The mid-tier standard plan meanwhile does actually include HD streaming and offers support for watching content on two devices at the same time, increasing from$13.99/month to around $15.49/month.
Netflix Increasing Subscription Price
This price is the latest of multiple big price increase in the past years. As of October 2020, for example, Netflix decided to place an increase in the price from$12.99/month to around $13.99/month, and its premium plan is expected to cost around $15.99/month to $17.99/month.
All the existing customers are required to possess a temporary reprieve from the price increase, but all new subscribers are expected to pay at a higher rate starting from today. All existing customers are expected to receive an email 30 days right before their price is set to increase, offering them enough time to decide if they want to cancel or if they are still interested in playing more.
Is Netflix worth it
The premium price of 2022 holds to that trend of about two dollars more monthly, raising questions concerning how expensive this plan can get right before subscribers can start searching for entertainment on another platform. The streaming industry is now getting more crowded every day, and Netflix seems to be among the most expensive unless you are contented with the standard definition of streaming quality.
If you compare it, HBO Max’s ad-free plan alongside 4K that is priced at $14.99/month Philo, which grants access to a more popular live streaming television channels, costs $25/month. The major selling point current is its original content, but the company has built a reputation for quickly canceling a lot of their shows, which is a big-time frustration for their customers.