Netflix will raise the prices for two of its most popular streaming plans, over the course of the next two months, in the United States…
The cost of two Netflix plans — standard and premium — are about to go up. The streaming service will increase its standard subscription from $13 to $14, while the premium version will rise from $16 to $18 per month. However, the company isn’t making any changes to its basic service, which will remain $9 per month. The price hikes also only apply to customers in the US, at least at this point in time.
Netflix is Raising Standard and Premium Plan Prices in the United States
This isn’t exactly unexpected. Netflix just raised its prices in Canada in early October. Plus analysts have predicting for several months now such price increases were inevitably on their way. It also comes after the streaming platform unceremoniously ended its free trial in mid-October. (The platform subsequently revealed it would offer a no-cost sneak peek on Android, beginning on December 4th.)
Netflix’s last price increase occurred in January 2019, with previous hikes in October 2017, April 2013, and November 2010. The company continues to dominate the streaming industry with a market share of 31 percent, more than YouTube’s 21 percent, 12 percent for Hulu, and 8 percent for Amazon Prime.