Brace Yourselves, Netflix Is Raising Its Prices

Brace Yourselves, Netflix Is Raising Its Prices”

The Standard Tier, which lets up to two apps use the same account simultaneously, will be going from $9.99 per month to $10.99.

The price of the basic plan, which costs $7.99 monthly and delivers standard definition video to one screen, remains the same.

All your favourite Netflix shows are about to come at a higher price.

Netflix users will soon see a spike in their bill after the company announced it is raising prices. The premium service, which provides viewing on up to four screens (plus ultra HD content access), is $13.99, up from $11.99.

But the price change, first reported by Mashable, won't impact existing members yet.

Netflix has treaded lightly with price increases since 2011, when it suddenly hiked prices 60% for streaming and DVD-by-mail subscribers.

The changes will only affect US customers.

The streaming giant last raised prices in the USA two years ago.

Many Netflix subscribers across the United States are going to be a little lighter in the wallet starting next month.

The increases likely won't have an effect on the number of subscriptions the popular streaming service has.

Netflix is squeezing a bit more out of its customers.

The company remained committed to investing in original programming, saying it will release 40 feature productions this year ranging from "big-budget popcorn films to grassroots independent cinema".

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