Netflix users to see price increase, biggest increase in company's history

Netflix Raises Prices Across The Board Again To Meet Increased Costs
Netflix Shares are Soaring, But Here’s Why Customers Won’t be Happy
Author

16 January, 2019

Netflix is raising us subscription prices 13 to 15 percent in the biggest rate increase in its history, the company announced Tuesday.

Binge-watching Netflix is about to get more expensive: The streaming service just increased its subscription plan prices for USA customers.

Netflix announced its biggest ever price increase since it launched its streaming service 12-years-ago. In addition, the company for the first time is hiking its Basic plan, which offers a single non-HD stream, from $7.99 to $8.99 per month (+12.5%).

In previous price increases, Netflix maintained the baseline $8/month basic plan while charging more for standard and premium, which allow streaming on multiple devices.

New Netflix users are already being charged the higher prices but existing customers will see them phased in over the next few months. If this strategy backfires it'll trigger a monumental meltdown, but thus far Wall Street is bullish on Netflix's prospects. In 2011, Netflix said it would divorce its DVD-by-mail service from its streaming one.

Trump’s weekend: new Russian Federation questions, shutdown irritants
Trump has been trying to play up his presence at the White House during the standoff as a sign that it's Democrats who won't negotiate a deal.

QB Fields confirms transfer to Ohio State from Georgia
He will also have Ryan Day as his head coach, who took over for the retired Urban Meyer the day after the Rose Bowl victory. Oklahoma has hired Ohio State co-defensive coordinator and safeties coach Alex Grinch as defensive coordinator.

Trump ready to sign executive order that would bar Huawei, ZTE purchases
Britain's defense minister has reportedly voiced "grave" concerns over Huawei's role in the rollout of the U.K.'s 5G network. She said: "It's best to let facts speak for themselves when it comes to security problems".

"There will come a point where people will say - 'no mas!' but until they get to that point, you're going to see Netflix nickel and dime about every year or so and adjust their prices higher", Munarriz said. "Our job is to focus on, invest in providing our members incredible experiences, more great content, and great product experiences", said Chief Product Officer Greg Peters. After it took home five awards at the 2019 Golden Globes, its stock price surged over six percent and has been enjoying relatively stratospheric highs since.

As of September 2018, Netflix has amassed an approximate $8 billion long-term debt, which some think is unsustainable. Many customers chose between DVDs and streaming, while over half a million quit the service entirely. The most expensive plan, 4K Premium, will increase from $14 to $16.

2017 marked the last time Netflix imposed a hike on its subscription base. The company ended the third quarter with 137 million total subscribers (more than 130 million of those paid memberships).

Netflix last increase prices in 2017, so it's been a bit since the streaming network rolled out a price increase across the board.


More news


  • Windows 10 Setup Will Soon Get Way Less Annoying

    Windows 10 Setup Will Soon Get Way Less Annoying

    If you think you hit this bug, you can type "winver" in the search box on your taskbar to double-check your build number. The CERT Coordination Center (CERT/CC) today issued CVE-2018-8626 for a Windows DNS server heap overflow vulnerability.
    Liverpool shouldn’t panic after Manchester City defeat, insists Van Dijk

    Liverpool shouldn’t panic after Manchester City defeat, insists Van Dijk

    City found a different way to win against Jurgen Klopp's side, defending courageously late on to preserve their lead. John Stones tried to clear it off the line but the clearance rebounded off goalkeeper Alisson .
    President Trump threatens to close border if Democrats don't fund wall

    President Trump threatens to close border if Democrats don't fund wall

    He said it's futile, because no matter how high it is, Trump is not accounting for how far below ground it needs to go. Both chambers of Congress convened for just a few minutes on Thursday, before adjourning until next week.
  • Aunt: Jayme Closs escaped, found woman walking dog

    Aunt: Jayme Closs escaped, found woman walking dog

    The Star Tribune reported that Town of Gordon resident Kristin Kasinskas heard a knock on her door on Thursday afternoon. They walked to the nearby house of Peter and Kristin Kasinskas, where they wrapped her in blanket and called 911.
    Veteran Indian star ruled out of 4th test at Sydney

    Veteran Indian star ruled out of 4th test at Sydney

    India have named two left-arm spinners - chinaman bowler Kuldeep Yadav and the orthodox Ravindra Jadeja in the final 13. That means the best an unsettled Australia lineup can do is draw the four-match contest by winning in Sydney.
    Perkins, Zaccheaus lead Virginia over SC  28-0

    Perkins, Zaccheaus lead Virginia over SC 28-0

    The South Carolina Gamecocks enter the game as a five-point favorite, but the team is on upset alert headed into tomorrow's game. The Gamecocks were third in the SEC in passing, putting up 277.4 yards per game.
  • Lakers Lair Ep. 13: No LeBron, Big Problem

    Lakers Lair Ep. 13: No LeBron, Big Problem

    The Lakers are putting up 112.3 points per game on offense this season while shooting 47.4 percent from the field. In addition to James' absence, Los Angeles opted to sit starting forward Kyle Kuzma due to a back contusion.
    Trump says wall can be a steel fence

    Trump says wall can be a steel fence

    President Trump verified the lack of progress with a tweet on Saturday, saying there wasn't "much headway made today". He said he was making the offer to Democrats because 'they don't like concrete so we'll give them steel'.
    Sarah McIver, Canadian Detained In China Over Work Permit, Released

    Sarah McIver, Canadian Detained In China Over Work Permit, Released

    In December 2009, China executed convicted drug smuggler Akmal Shaikh of the United Kingdom for smuggling 4,030 grams of heroin. However, a Canadian official said there was no reason to believe that the woman's detention was linked to the earlier arrests.
  • Trump to take case for border wall to prime-time audience

    Trump to take case for border wall to prime-time audience

    He's also floated the possibility of declaring an emergency to complete his oft-repeated campaign promise. Democrats have asked for the networks to air a rebuttal of Trump's address.
    Alabama beats No. 4 Oklahoma 45-34 to reach title game Associated

    Alabama beats No. 4 Oklahoma 45-34 to reach title game Associated

    We had our first controversial call of the College Football Playoff about halfway into the first quarter of this evening's contest.
    Germany's Hanover airport resumes flights after man's tarmac invasion

    Germany's Hanover airport resumes flights after man's tarmac invasion

    Police said they couldn't give further information on where he came from because he wasn't carrying an identity card. Hannover Airport (HAJ) is the ninth-largest airport in Germany, handling 5.8 million passengers in 2017.