If you’re one of the many millions of people in the United States who subscribe to Netflix, you might want to pay attention. Netflix is raising prices yet again for subscribers in the United States. The standard plan which enables subscribers to watch on two screen simultaneously will now cost $10.99 instead of $9.99. That’s not where the price increase ends, though.
According to a report published by Mashable, Netflix is going to make two pricing tiers for its U.S. subscribers more expensive starting next month. The standard tier, as previously mentioned, gets a $1 increase.
The premium tier is what you need if you want to stream content in 4K UHD and watch on up to four screens simultaneously. Netflix is going to charge $13.99 for it starting next month instead of $11.99. It’s not going to raise the basic plan’s rate which remains $7.99 per month.
Netflix previously raised the price of its standard tier back in 2015 when it was bumped up to $9.99 per month from $8.99. This latest price increase was inevitable, though, and obviously doesn’t close the door to future hikes as well.
In order to set themselves apart from the competition, streaming services like Netflix are heavily investing in original content. The company’s chief content officer Ted Sarandos recently confirmed that Netflix will spend $7 billion on content next year.
That money has to come from somewhere, right?