Netflix sent emails this week to U.S. subscribers about price a increase that lands in May.
Netflix announced the price hikes in January and said the increased revenue will help the streaming service add more television shows and movies…..hmmmm
The email to subscribers is a reminder that each of Netflix’s plans in the United States will increase by up to $2 over the next billing cycle.
The price of the basic plan will rise from $8 to $9 per month, the standard plan that includes HD streaming on two devices will go from $11 to $13 per month, and the price of its premium plan will increase from $14 to $16.
Netflix has been investing heavily in original content. It budgeted $8 billion for new shows and movies in 2018, the company announced when it reported third quarter earnings in 2017.
I can understand raising prices, because they will have various competitors this year. Are you ok paying a little more for Netflix?