Netflix has announced that a price hike is on the way for its subscribers in the United States.
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On Thursday, Netflix announced that its two-stream HD plan, its most popular, will see an 8% price increase from $12.99 to $13.99. The Premium plan with four streams will be going from $15.99 to $17.99.
The basic plan will remain unchanged at $8.99.
Current subscribers will see the price increase take effect with the next billing cycle. Anyone signing up for the service as of Oct. 29 will see the new price immediately.
The last price increase was in the first quarter of 2019, so it has been a little while since the company adjusted. With the increased use due to the pandemic, it isn’t too surprising that the company decided it may be time to raise the price again.
Netflix has been able to keep producing a lot of original content throughout the pandemic, and already has big plans for the next few years. Anime, in particular, seems to be a big source for the company as of late, with even more titles being announced to be going into production.
IMAGE SOURCE: Shutterstock – Netflix – Nicolas Maderna
