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
  • Premier League to decide on new TV money plan

    Premier League to decide on new TV money plan

    But with the Premier League's overseas income rising faster than its domestic revenue, this differential would only grow. But Press Association Sport understands Newcastle United and Watford were, at least, tempted by the idea.
    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.
    United Kingdom  cracks down on viewing online terror content

    United Kingdom cracks down on viewing online terror content

    The government has said end-to-end encryption has kept it from reading terrorists' and criminals' messages. We will do our best to understand it.
  • Tesco resumes dividend payments as sales and net profit up

    Tesco resumes dividend payments as sales and net profit up

    In Tesco's prime market, the United Kingdom, like-for-like turnover grew 2.2 % and there was a 1.1 % increase in Ireland. Pre-tax profit was also up, rising to £ 562m for the first half compared with £71m for the same period a year ago .
    Netanyahu Demands Palestinians Recognize Israel, Disarm Hamas

    Netanyahu Demands Palestinians Recognize Israel, Disarm Hamas

    This is something Abbas would certainly wish to avoid, wanting as he very much does to keep the United States on side. Abbas in an TV News Agency that will not tolerate any strong Hamas in Gaza , comparing the Fatah rival to Hezbollah.
    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".
  • 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.
    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.
    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.
  • Google takes on Sonos, Apple with Google Home Max

    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".
    United States  to expel majority of Cuban embassy staff

    United States to expel majority of Cuban embassy staff

    Ties between the U.S. and Cuba were restored under President Barack Obama in 2014 after more than half a century. U.S. secretary of state Rex Tillerson had earlier said that kicking out 15 Cuban diplomats would "ensure equity".
    We would have beaten Vettel: Horner

    We would have beaten Vettel: Horner

    Hamilton responded by pitting on lap 27 for the soft tyre, with Verstappen covering the undercut with the same move a lap later. It left his Ferrari with suspension damage and he hitched a lift on the side of the Sauber of compatriot Pascal Wehrlein.
popular