Daredevil

Netflix is raising its prices in the US & UK

06 Oct 2017 | Rasmus Larsen |

Netflix is raising the prices of its standard and premium plans to finance its continued spending on original content.

4K to get more expensive

The basic subscription plan that includes SD will remain unchanged but the standard HD plan will increase from $9.99 to $10.99 per month in the US. In the UK, it will increase from £7.50 per month to £8.

It will also become more expensive to watch Netflix in 4K HDR and Dolby Atmos. The premium plan will go up from $11.99 to $13.99 in the US and from £9 to £10 in the UK. The news was first reported by Mashable.

Netflix says that it is raising prices to finance original content. The company kicked off the show with TV series such as House of Cards and later moved into documentaries, comedy, and most recently movies. The company is planning to spend $7 billion dollars on content (original and licensed) next year.

The new prices will take effect in customers’ next billing cycle. Customers will be notified starting on October 19, according to Mashable.

The last time that Netflix raised its prices in the US was in late 2015. Back then, it took a soft approach by gradually raising the price of customers’ subscription plan, depending on when they had signed up.

- Source: Mashable



Share on:


Latest news

Netflix Hollywood

Netflix ups its 2018 budget to $8 billion to make 80 original films

17 Oct 2017 | Rasmus Larsen |
LG wallpaper OLED

LG 2017 OLED gains promised Technicolor mode with latest firmware

16 Oct 2017 | Rasmus Larsen |
Samsung Q6F

Samsung adds flat Q6 to US TV line-up

13 Oct 2017 | Rasmus Larsen |
Plex Live TV on Roku

Plex Live TV comes to Roku

13 Oct 2017 | Rasmus Larsen |
Movies Anywhere

Movies Anywhere is Hollywood's new digital movie locker

12 Oct 2017 | Rasmus Larsen |
Oculus Go

Oculus Go is a cheaper standalone VR headset

12 Oct 2017 | Rasmus Larsen |
Samsung

Samsung looks to micro-LED to regain lost ground in premium TV market

11 Oct 2017 | Rasmus Larsen |
Amazing Stories

Apple's push into Hollywood content starts with Spielberg's Amazing Stories

11 Oct 2017 | Rasmus Larsen |