Netflix Is Raising Its US Subscription Plan Prices

first_img What to Stream on Netflix This WeekendZach Galifianakis Hits the Road in ‘Between Two Ferns: The Movie’ Trailer Binge-watching Netflix is about to get more expensive: The streaming service just increased its subscription plan prices for U.S. customers.According to Netflix’s website, U.S. customers will now have to pay $1 to $3 more per month to watch content.The Standard plan, which is a Netflix customer favorite and provides HD-quality streaming, will now cost $12.99 per month, which is up from $10.99 per month. Premium subscribers, who have access to Ultra HD-quality streaming, will now pay $15.99 per month compared to $13.99 per month. Basic subscribers are also impacted by the price hike: Netflix’s Basic plan went up from $7.99 per month to $8.99 per month.The Netflix price hike will immediately go into effect for new U.S. subscribers, Variety reported. Netflix told Variety that existing subscribers will be switched to the new pricing plans soon, so they’ll have time to choose whether they want to stay with Netflix or move to another streaming service.Some Netflix customers in Latin America will also be impacted by the Netflix price hike. Netflix customers that live in Belize, Barbados, and Uruguay will have to pay the new subscription rates, because they’re billed in U.S. dollars. Brazil and Mexico, Netflix’s largest markets in Latin America, will not be affected by the price hike for now.Netflix raising its prices isn’t a coincidence: The streaming service is currently competing with other digital subscription platforms, including Amazon Prime and Hulu, which also provide customers with access to more than 500,000 movies, TV episodes, and exclusive content.Netflix, which in in the process of expanding its entertainment library with new TV adult animation series and sci-fi flicks, also aims to reach more audiences in upcoming years.Read more on‘Choose Your Own Adventure’ Publisher Sues Netflix Over TrademarksDavid Fincher’s ‘Love, Death & Robots’ Animated Series Is Coming to NetflixNetflix Permanently Removes iTunes Billing for New Customers Stay on targetlast_img read more