Netflix raising prices on streaming plans again

Lucy Hill
October 8, 2017

However, the price for that package is now increasing to £7.99 per month.

The company said the price change is reflective of its increased offerings. Netflix is going to become more expensive, again. The middle plan, called the "Standard" plan, allows subscribers to watch content in HD on up to 2 screens at a time.

The price increase has been made for the two most popular subscription plans, while the basic one remains unchanged.

Netflix said it will start sending out notifications by email to its subscribers beginning October 19.

The price change will apply immediately for anyone taking out a new subscription, but current Netflix subscribers will be given 30 days' notice.

Will you have to cancel your subscription? Canadian subscribers experienced a subscription price hike earlier this year. The company's chief content officer Ted Sarandos recently confirmed that Netflix will spend $7 billion on content next year alone. Netflix will now charge $11 per month instead of $10 for a plan that includes HD and allows people to simultaneously watch programs on two different internet-connected devices.

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The price change is the first increase by Netflix in two years.

In 2011, over 800,000 subscribers in the US deserted the streaming service after it dramatically increased its fees.

Pachter thinks Netflix's price increases would be more likely to dissuade potential new subscribers, and that Amazon and Hulu may draw those customers to their services instead.

Are you surprised that Netflix increased the price of the streaming service?

While it's not a major increase in price, it's the regularity of these increases that will start to make a difference.

"This determination confirms that, as Boeing alleged in its petition, Bombardier dumped its aircraft into the US market at absurdly low prices", it said in a news release.

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