“We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience,” the company said in a statement announcing the changes, which apply just to United States customers. More money is going out the door than coming in, a difference that Netflix covers by borrowing even more. The company’s appetite for content means it has to spend big, resulting in what’s known as negative free cash flow. Netflix’s 7 ad-supported plan will still cost 7 a month. One of reasons: Netflix burns a lot of cash. The streaming giant hiked the monthly price of its basic plan to 12 from 10 and its premium plan to 23 from 20. price of Netflix’s premium plan, which enables four streams at a time and streaming in ultra HD, was increased by 2 to 19.99 per month. But fee increases at Netflix are inevitable. A bare-bones subscription, for instance, had cost $8 a month. Netflix’s long-awaited price hikes are hitting today, with the standard plan increasing from 12.99 a month to 13.99 a month, and the premium tier increasing from 15.99 a month to 17.99 a month. In Canada, Netflix’s standard plan also went up 1.50 to 16.49 Canadian and the premium plan rose 2 to 20.99 Canadian. People have adjusted their spending habits to compensate, and the first things to go are extras for entertainment, which are easier to cut than. The premium plan increased 2 per month, to 19.99. ![]() The premium tier, which lets users watch on up to four devices at. Inflation rose to 9.1 in June, a four-decade high. Many of its users pay for the service even if they don’t consistently watch its content, partly because of its attractive pricing. The streaming giant said prices for its basic and standard plans would rise by £1 a month, to £6.99 and £10.99 respectively. Given how much it has been spending on content, the move isn’t surprising, but the latest jump - anywhere from 13 to 18 percent depending on the subscription plan - is the biggest increase since Netflix started its streaming service a dozen years ago.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |