By: Nick Gambino
Netflix has just announced that they’re raising the price of their middle and top-tier streaming plans while their basic plan will stay the same.
According to Mashable the new prices will take effect in November with subscribers receiving at least 30 days notice starting on October 19th.
“From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster,” a statement from the company read.
The middle-tier plan will jump from $9.99 a month to $10.99 while the top-tier plan will jump from $11.99 to $13.99. The middle plan, called the “Standard” plan, allows subscribers to watch content in HD on up to 2 screens at a time. The top or Premium plan allows for Ultra HD content on up to 4 screens at a time.
These $1 and $2 jumps will most likely be met with a shrug from most. At least it should be. It’s still cheaper than most other streaming services out there. Plus, look at the amount of quality content at your fingertips. You’re practically stealing it. You thief.
Other streaming platforms like HBO Now, Amazon Prime and Hulu have their place but they still have a ways to go before they catch up with the original content that Netflix is steamrolling out.
Netflix recently announced that they will be spending close to $7 billion on original content next year. Between countless stand-up specials, TV shows and films, that’s a lot of dough to shell out. With 100 million monthly subscribers, this price hike probably rakes in another $100 million a month or so.
With season 2 of the wildly popular Stranger Things dropping on the platform in a couple of weeks, this is the best time to do it. But don’t think we didn’t notice, Netflix.
Will you stick with Netflix through the price hike or is this a deal breaker for you? Let us know your thoughts down below!