Netflix Hiking Prices In October

Oct 06, 2017, 00:16
Netflix Hiking Prices In October

Netflix did not state why they are raising the price but its likely in answer to growing costs of content and Netflix plans to spend $7 billion on new content in 2017.

Netflix says all subscribers will be notified at least 30 days in advance of their account's increase, based on their billing cycle, USA Today reports.

The highest tier plan (four screens and ultra-high definition streaming) will increase $2 per month.

For the folks who are on the $7.99 plan, luckily, those prices are staying the same. Netflix has raised the rates on two of their subscription plans, with the new rates going into effect for November.

Netflix issued a brief statement, saying that pricing was adjusted to help add "more exclusive TV shows and movies" as well as introduce more product features. The two tiers, which initially cost $9.99 and $11.99 per month respectively, will now cost $10.99 and $13.99.

The report says that the price increases are only happening in the USA and that the new rates will take effect in November.

In the coming quarters, analysts will be focused on subscription numbers to see how much churn the price hike causes.

The standard plan, Netflix's most popular, allows subscribers to watch on 2 screens and in high def.

For now, analysts don't see terribly anxious, nor do investors, with Netflix's share price gaining 4.3% to $192.34 in recent market action.

Netflix is raising its subscription prices, again.

"We believe Netflix is well positioned to have over 100 million worldwide subscribers by 2020, along with ongoing operating margin expansion as the company spreads content and marketing spend over a growing installed base", senior research analysts Michael Olsen of investment bank Piper Jaffray said in a statement to CNBC.

YOU MIGHT ALSO LIKE
  • Las Vegas gunman's girlfriend has left Philippines for US

    Las Vegas gunman's girlfriend has left Philippines for US

    He said authorities believe Paddock used Danley's identification during his stay at the hotel. Local news site Rappler was able to look at Danley's Facebook page before she took it down.
    At this point we can't bring political solution to Afghan war: Mattis

    At this point we can't bring political solution to Afghan war: Mattis

    The bumper-sticker version of the strategy is "4R+S", the secretary said: regionalize, realign, reinforce, reconcile and sustain. In talking with the American people, we will tell them we are adding the troops.
    Rebels storm Indian paramilitary camp in Kashmir; 2 killed

    Rebels storm Indian paramilitary camp in Kashmir; 2 killed

    Security forces cordoned off the building and retaliated with heavy firing. "All the three militants have been killed". The remaining terrorists are holed up inside the building campus of the 182nd Battalion camp, BSF officials said.
  • TURNS OUT Florida's Legendary Rocker Tom Petty Is Really Dead After All

    TURNS OUT Florida's Legendary Rocker Tom Petty Is Really Dead After All

    The Rock & Roll Hall of Fame member had a big impact on the lives of people who listened to his songs, including Daniel Page. Following the minute of silence, Peter Buck joined the band for this wonderful rendition of Freefalling by Tom Petty .
    Marilyn Manson Injured by a Falling Prop During NYC Concert

    Marilyn Manson Injured by a Falling Prop During NYC Concert

    Singer Marilyn Manson has canceled his performance at The Rave in Milwaukee after getting injured on stage during a show in NY . The singer's representative told Variety , "Manson suffered an injury towards the end of an incredible NYC show".
    Las Vegas gunman's partner 'an Australian'

    Las Vegas gunman's partner 'an Australian'

    In an interview with the Fort Worth Star-Telegram, Juertes said: "He wasn't very sociable". Recent reports show that he had several high-stakes gambling transactions in recent weeks.
  • Bounce tops google play store downloads

    Bounce tops google play store downloads

    The app is just there to let you know about its compatibility with your device and also probably to get quicker updates. If you go over to the Google Store now, you will see that the store is now in the Bahasa Malaysia language.
    Srinagar attack: Rajnath calls high level meeting to review situation

    Srinagar attack: Rajnath calls high level meeting to review situation

    He said that around 4.30 am, a group of terrorists presumably " fidayeen ", attacked the 182 battalion camp of the BSF. Asked which group was responsible for the attack, Khan said, "Jaish-e-Mohammad was responsible for the attack".
    Keith Urban performs moving tribute to Las Vegas shooting victims

    Keith Urban performs moving tribute to Las Vegas shooting victims

    And now, country music star Keith Urban , 49, has spoken out about the moment he broke the news of the massacre to his eldest daughter Sunday Rose.
  • Google takes on Sonos, Apple with Google Home Max

    While the Home Mini only fetches for $49 Dollars , the Home Max understandably goes for quite a bit more at $499 USD. This step will allow you to do multi-step routines and also trigger the device with phrases like "good morning".
    Sarah Huckabee Sanders chokes up during statement on Las Vegas shooting

    Sarah Huckabee Sanders chokes up during statement on Las Vegas shooting

    Sanders told reporters that having a debate on gun control is "not the place that we're in at this moment". Trump, however, has not always waited to inject politics into a mass shooting.
    Titans to sign Brandon Weeden

    Titans to sign Brandon Weeden

    Former Oklahoma State quarterback Brandon Weeden signed a one-year contract with the Tennessee Titans on Tuesday, ESPN reported. If Mariota can't play in Week 5 against the Dolphins , Matthews will be hard to trust as more than a boom-bust WR3/4.
popular