Netflix is Increasing Monthly Subscription Prices

06 October, 2017, 00:49 | Author: Martin Tyler
  • Netflix content chief Ted Sarandos

Netflix is going to be increasing the membership fee for some of the more popular streaming plans available to customers by one dollar, which means a year of Netflix the way you are now enjoying it may cost you an extra $12 to $24 a year.

"People don't like price increases, we know that", CEO Reed Hastings said on an earnings call past year.

The basic plan allows you to stream on only one device at a time in standard definition.

According to USA Today, the service's most popular plan will now cost $10.99 cents a month. Existing subscribers will see their prices rise over the course of the next several months. Those who prefer the ability to stream in HD or 4K will be the ones paying the extra $1 or $2 per month. That said, it's really not too surprising of a move for Netflix to make, as the streaming giant continues to accrue massive debts, mostly in service of producing more original content each year.

Stones keen to replicate Manchester City form for England
Chelsea won the Premier League title with two games to spare last season after finishing seven points ahead of Tottenham Hotspur . Speaking to The Offside Rule Exclusives, he said: "I thought that was it at Manchester City ".

The middle tier that enables Netflix watching on two devices simultaneously will go up from $9.99 per month to $10.99 per month.

Here is what you need to know about the increase. The company's content budget is expected to swell to almost $7 billion next year.

Netflix did not state why they are raising the price but its likely in answer to growing costs of content and Netflix plans to spend $7 billion on new content in 2017.

IBD'S TAKE: Netflix stock has an IBD Composite Rating of 88, meaning it has outperformed 88% of stocks in key metrics over the past 12 months.

Head of Senate Russia probe: "The issue of collusion is still open"
Warner said that representatives from Twitter, Facebook, and Google have been invited to testify at a November 1 public hearing before the committee.

The fare hikes go into effect for new USA members today.

The 2S price plan will now be increased from £6.99 to £7.99 per month, while the 4S plan will be increased from £8.99 to £9.99 per month.

Netflix hasn't had a major change in its pricing scheme since 2014.

Stranger Things avoiding a sophomore slump in it's much- anticipated second season wouldn't hurt either.

In Catalonia hosted a large-scale protest
Seibert noted that Merkel wasn't seeking to mediate the dispute between Madrid and Catalonia's regional government in Barcelona. Their main goal was to show Madrid and the worldwide community that hundreds of thousands of Catalans support independence .

Recommended:

  • United States  services growth remains robust, though future expectations ease

    United States services growth remains robust, though future expectations ease

    The PMI picked up to 53.6 in September, slightly better than expectations in a Reuters poll of economists for it to hold at August's level of 53.2.
    The battle between Walmart and Amazon just escalated

    The battle between Walmart and Amazon just escalated

    That's why my team spends a lot of time thinking about ways we can make deliveries faster and more convenient for customers. The retailer announced today that it has acquired technology-based, same-day, and last-mile delivery company Parcel .
    Packers top Bears, lose Montgomery & Adams to injury

    Packers top Bears, lose Montgomery & Adams to injury

    That was impressive given that Green Bay essentially fielded a starting five of four guards and center Corey Linsley . Chuck Supple is in Green Bay rooting for the Bears , the Packers' opponent on "Thursday Night Football ".
  • Mattis says staying in Iran deal is in USA  interests

    Mattis says staying in Iran deal is in USA interests

    After Trump's new policy was announced, though, McCain applauded the president "for taking a big step in the right direction". India and Afghanistan have also been time and again charging their neighbour Pakistan with similar allegations.
    Russian Federation  to play Middle East mediator during King Salman's visit

    Russian Federation to play Middle East mediator during King Salman's visit

    The two countries led the agreement between OPEC and non-OPEC producers to cut crude production till the end of March 2018. In September, Saudi Arabia hosted Russian Foreign Minister Sergei Lavrov for the first official visit in years.
    Famous Five... Malaysian Grands Prix

    Famous Five... Malaysian Grands Prix

    But retired champion Nico Rosberg recovered to third previous year after a spin at the start dropped him to the back of the field. With less than 10 minutes before qualifying, Ferrari's mechanics hurriedly wheeled Raikkonen's vehicle back to the garage.
  • Blade Runner 2049 director was

    Blade Runner 2049 director was "frightened" to take on the sequel

    But it's hard not to agree with the old blade runner who turns up late in the film and tells K: "I had your job once". Back in 2019 Los Angeles had a problem with four rogue replicants that had started trouble on a satellite colony.
    Lewis Hamilton on pole, Vettel last at Malaysian GP

    Lewis Hamilton on pole, Vettel last at Malaysian GP

    Similarly, Ricciardo managed to overtake Valtteri Bottas early on and held onto his position for the entirety of the race. It was Hamilton's fourth straight podium in Malaysia, fifth overall and seemingly one of the toughest.
    Republicans unveil almost  $6 trillion tax cut

    Republicans unveil almost $6 trillion tax cut

    Two of the most popular deductions are explicitly being retained - for mortgage interest payments and charitable contributions. Republicans believe they will offset that lost revenue with increased economic growth prompted by the tax plan.
  • ISS spacewalk to replace Canadarm2 part

    ISS spacewalk to replace Canadarm2 part

    The second and third spacewalks will concentrate on the lubrication of the LEE and the installation of a pair of external cameras. The 18m arm was instrumental in assembling the space station and is used to reach out and grab approaching cargo ships.
    Meet the Google Home Mini, a $49 Amazon Echo Dot Alternative

    Meet the Google Home Mini, a $49 Amazon Echo Dot Alternative

    The Google Home Mini is a sleek design with rounded corners to make it look like an ornament and seemingly integrate into a room. In this case, telling your Home "where's my phone" will ping the nearest Android device paired with your Google account.
    Former Australian PM picks fight with Macklemore over marriage equality

    Former Australian PM picks fight with Macklemore over marriage equality

    Tony Abbott is therefore entitled to equal time - as many minutes as Macklemore gets for his song. "I'm getting a lot of tweets from angry old white dudes in Australia", he added .


Popular

Mike Pence: 'America Will Lead in Space Again'
Trump administration officials are pledging to send Americans back to the moon - and then on to Mars. Selva, vice chairman of the Joint Chiefs of Staff.

McDonald's brings back Szechuan Sauce for one day only
Kowalski adds that he wouldn't be surprised if the show was messing with its viewers, and sauce actually doesn't taste very good. The only Triad McDonald's location offering the limited-run Szechuan Sauce on Saturday is at 2241 Martin Luther King Jr.

Harry Kane ends his flawless month in class apart
It comes over a longer period of time, but we have several people who can step into the fold. I want to keep getting better and better .

Get your National Taco Day on with these Houston deals
This is hardly an exhaustive list, so be sure to poke around and call your local taco sellers to find more deals. Order the Taco Gigante for $12.99 and receive a voucher for a second one to eat later, if you're up to it.

Equifax Retained Law Firm a Month Before Notifying Public of Data Breach
At a congressional hearing Tuesday, former company CEO Richard Smith described the executives as "honorable men, men of integrity".

Gran Turismo Sport Gets A Time-Limited Demo On 9th October
The True HDR workflow and physics-based rendering tech of Scapes must be experienced firsthand to be truly appreciated. Those playing in the campaign can start unlocking vehicles, in-game currency, and experience out of the gate.

Alicia Keys and Stella McCartney united against breast cancer
The Pink Room is located at the second level of The Northwing (breastfeeding station/mall clinic). They also announced the Making Strides Walk.

Giving blood for Las Vegas
The gunman , identified as 64-year-old Stephen Paddock , showered a crowd with bullets from his Mandalay Bay hotel window. For families traveling to Las Vegas to assist those in need, we would like to offer free rooms.

Klopp Believes Liverpool Are Still Title Challengers Despite Poor Form
Liverpool manager Jurgen Klopp has claimed his side are still title challengers despite their poor form this autumn. Gerrard has also been impressed with the manner of the player adding, "I love the player and I love the character".

SC to hear Rohingya refugees' plea on October 13
More than half a million Rohingya Muslims fled their nation's army as it advanced, crossing into neighboring Bangladesh. There are around one million Rohingya Muslims living in Myanmar .