Netflix has decided to prepare an unpleasant New Year’s surprise for users from the USA and Canada in the form of an increase in subscription prices. So now the basic plan for one device and 480p quality instead of $ 8.99 will cost $ 9.99, the standard plan for two devices at the same time and 1080p quality will cost $ 15.49 instead of $ 13.99, and the premium plan for four devices at the same time and 4K/HDR quality will cost $ 19.99 instead of $ 17.99.
The standard plan in Canada will now cost C $ 16.49, and the premium plan will cost C $ 20.99. The basic plan will cost C $ 9.99. For those who have already subscribed to the service, the price increase will take place gradually, and Netflix will notify users 30 days before the new prices take effect. For new subscribers, price increases take effect immediately.
Why Does Netflix Raise Its Prices?
According to a Netflix spokesman, the increases will help continue to develop new content for users, saying the company understands that people have more entertainment opportunities than ever before and is committed to providing an even better experience for their members: “We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget.”
Netflix has already raised the subscription price several times. The last time was in October 2020, when the subscription price for the standard plan increased from $ 12.99 to $ 13.99 and for the premium plan from $ 15.99 to $ 17.99. Netflix offered existing subscribers a two-year price freeze when it announced its first large-scale pricing increase in 2014, fearful of losing consumers owing to a $1 per month increase. In the years since that, it hasn’t offered such a significant bonus.
All Increases in Netflix’s Prices
|Price||Jan 2022||Oct 2020||Jan 2019||Oct 2017||Oct 2015||Apr 2014||Apr 2013||2011|
|Premium (4K, 4 devices)||$19.99||$17.99||$15.99||$13.99||$11.99||$11.99||$11.99||N/A|
|Standard (HD, 2 devices)||$15.49||$13.99||$12.99||$10.99||$9.99||$8.99||$7.99||$7.99|
|Basic (No HD, 1 device)||$9.99||$8.99||$8.99||$7.99||$7.99||$7.99||N/A||N/A|
The latest price hikes come at a time when Netflix is having a prosperous yet problematic period. In the United States, the corporation already has a significant number of customers, and gaining more is difficult, so boosting prices is a reasonable method for them to make more money. Meanwhile, Netflix is competing for viewers with a slew of other serious streaming services, including Disney Plus and HBO Max, and has been splurging on content to stay competitive.
Netflix isn’t the only service that has recently increased its fees. In October 2021, Hulu increased the price of its ad-supported and ad-free packages by $1 per month.
Netflix Is Still the Best Choice When It Comes to Streaming Platforms
The greatest method to watch TV is to stream episodes and movies over the Internet, and Netflix is the best option for streaming entertainment. Period. It has a larger selection of well-known network shows as well as more original series, features, documentaries, and specials than any of its competitors. Because of its large collection of continually updated material and easy accessibility across several devices, the world’s first big streaming service remains the top pick in 2021 in the analysis of all tech specialized websites. Netflix earned 44 Emmys this year, more than the combined total of the following two media companies. Netflix should be your first stop if you’re seeking anything new to watch on whatever topic (crime, thriller, casino /you can even use tips and tricks from movies and series on this topic to successfully gamble on sites at TopCasinoExpert.com/, etc.).
After seeing a significant increase in users during the pandemic, Netflix now has more than 200 million paid customers in 190 countries. The Netflix app is compatible with Android, iOS, Roku, Amazon Fire TV, Apple TV, Android TV, Chromecast, Xbox One, Xbox Series X and S, PlayStation 4 and PlayStation 5, and Xbox 360.