Netflix is hiking the price of its monthly subscription plans in the U.S. and Canada. The new monthly rates will be effective immediately for new subscribers beginning on Friday. Existing subscribers see the price increases phased in over the coming weeks, depending on their billing cycle. Current subscribers will receive an email and in-app notification 30 days in advance of when the new subscription prices will take effect.
J. Clara Chan for The Hollywood Reporter:
In the U.S., subscribers to Netflix’s basic plan, which allows for one stream on one screen at a time and does not have HD streaming, will now be charged $9.99 a month, up from $8.99. Standard plans — which allow for users to stream on two screens at the same time — now cost $15.49 per month, an increase from $13.99, while premium plans have inched up to $19.99 a month [from $17.99].
Canadian subscribers will also be facing price increases, though the basic plan will remain the same price at this time. Standard plans in Canada will now cost $16.49 CAD and premium plans will cost $20.99 CAD.
Netflix last hiked up its prices in Oct. 2020 by $1 to $2, depending on the subscription tier.
MacDailyNews Take: Ah, price hikes. Welcome to the roaring twenties (of a sort), we guess!
On that note, beloved interns, Tap That Keg!™ Prost, everyone!
MacDailyNews Note: Apple TV+ is available on the Apple TV app in over 100 countries and regions, on over 1 billion screens, including iPhone, iPad, Apple TV, Mac, popular smart TVs from Samsung, LG, Sony, VIZIO, TCL and others, Roku and Amazon Fire TV devices, Chromecast with Google TV, PlayStation and Xbox gaming consoles, and at tv.apple.com, for just $4.99 per month with a seven-day free trial. For a limited time, customers who purchase and activate a new iPhone, iPad, Apple TV, Mac or iPod touch can enjoy three months of Apple TV+ for free.
TV+ is a good deal at $4.99. People may argue that Netflix has far more content at double the price (for lowest tier), but for most people, that’s false value. My time is limited, and I can only watch so much TV in a given week. I no longer run out of things I want to watch on TV+; I also watch other content providers (including Netflix). I spend about equal time with TV+, Netflix, Amazon Prime, and others combined. Having all that extra content is like subscribing to Apple One Family Plan with 2TB of iCloud storage, when I only need about 200GB. All that extra storage is false value, until I need it.
Price hikes for some things are already here, the other things are largely coming. There’s no escaping this reality.
This has nothing to do with supply chain issues, this is Netflix’s business model. Don’t shill for blood-sucking corporations.
Shill for bloodsucking corporations? Putting it nicely, talk about completely missing the point. The US inflation rate came in at 7% TTM. It looks to be continuing. Therefore many prices for various things are already up or going to go up. Disregard the higher cost of materials as well higher raw transportation costs, 7% inflation means a worker is getting effectively a 7% pay cut. So if prices don’t go up, labor is unlikely to bring Home additional pay to cover inflation. Worse, maybe labor gets pared down to save enough to pay for those higher cost transportation and a myriad of other things (even health care).
See how that works?
It‘s time to pause Netflix again for a month or two. Every time they raise their price, I pause Netflix for a while. They won’t charge me more this way.
Disney also raised their rates a lot this year. That amount of increase was really unexpected. Given that we have ATV+, Netflix, Disney, Amazon Prime Video and BritBox as well as base cable, the total cost has become very high. Isn’t cost reduction why we cut cable? I doubt the increases would have happened if COVID did not force us to hunker down in our homes. We will remember you money grubbing shysters! … Someone may start packaging these together for a discount, and then we can start the cycle again.. and again
The more bloat, the more $.
Dropped it and haven’t looked back.
Every time I hear of a Netflix show from someone I thank God literally that I’m not swimming in their soup of expansive garbage with poor filtering for children.
Nine percent price-hike–NETFLIX wanted to get in on the inflation gouging, apparently…
Netflix is telling us to Netflux off
I’m ready to hike something on them…
We’ve stopped hearing from GoeB is not because he’s a GooF up and not because he hasn’t survived COVID, but he’s rewatching Foundation.
One reason given for cutting cable was cost savings. With streaming services increasing their prices the savings slowly fritter away.
I probably won’t be able to continue with Netflix’s service because it has become expensive.
I probably won’t be able to continue with Netflix’s service because it has become expensive.