Netflix Is Increasing Its Monthly Subscription Cost

Posted October 08, 2017

It's the first price hike for those countries in two-years and comes as the online TV streaming business plans to expand its production output.

The price of the plan will increase by 10 percent - or $1 - from $9.99 to $10.99. Netflix's most expensive option allows users to stream different shows on four screens in 4K.

In the USA, meanwhile, the standard price plan is going up $1 and the premium package will increase by $2.

While the latest price hikes aren't huge, they underscore Netflix's ambition to create more original content, both ongoing series and original films too.

Its most useful subscription plan will see an even larger increase in its price. Current subscribers will be notified starting on October 19, and then will become effective at the start of their next bill cycle.

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. You will have at least 30 days of notice until your bill goes up, and so the actual date when you'll start paying more will vary a bit depending on your personal billing cycle.

Netflix had already raised the price of its standard tier back in 2015 when it was bumped up to $9.99 per month from $8.99.

Netflix's price increases always spark controversy and complaints. Netflix still offers a subscription plan for $7.99 a month, but that only allows for streaming on one connected device at a time and doesn't support HD streaming.

In 2011, over 800,000 subscribers in the U.S. deserted the streaming service after it dramatically increased its fees.

The price changes applied immediately to new customers and will roll out in the weeks ahead to current subscribers.

Are you surprised that Netflix increased the price of the streaming service? This made a lot of people ask whether or not this would effect T-Mobile's Netflix On Us promotion and, it doesn't. That's not where the price increase ends, though.