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You need to give Netflix credit for their timing: As we all try to practice social distancing and stay at home as much as possible, the popular streaming service announced it would increase subscription prices, according to CNET. The price of a standard subscription goes from $ 13 to $ 14 per month, while the price of a premium subscription, which includes 4K resolution, HDR, and an increase in the number of screens you can stream from simultaneously, goes up from 16 $ 18 increases per month.
The new prices go into effect for new subscribers today, October 29th. Existing subscribers will receive email and app notifications of the price changes in the coming weeks, followed by an increase in their monthly bill.
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A Netflix spokesperson said, “We know that people have more entertainment options than ever before, and we are committed to providing our members with an even better experience. We’re updating our prices so we can continue to enjoy a wider variety of TV shows and Can offer films. ” – in addition to our great fall lineup. As always, we offer a range of plans so people can pick a price that works best for their budget. “
The last Netflix price jump was in 2019, when premium subscriptions rose by $ 2 per month. Basic subscriptions, including physical DVD rentals, stay at $ 9 per month.