Netflix at the moment mentioned that it’s rising the price of a few of its subscription plans in america, the UK, and France. Costs will probably be going up for the Fundamental and Premium plans in these three nations.
In america, the value of the Fundamental plan will enhance from $9.99 to $11.99 per 30 days, whereas the value of the Premium plan will enhance from $19.99 to $22.99 per 30 days. The ad-supported tier worth will stay the identical at $6.99 per 30 days, as will the $15.49/month Commonplace plan.
Netflix not provides the Fundamental plan to new subscribers in america, however costs will presumably enhance for current subscribers.
The Premium Netflix plan is the one plan that gives entry to 4K video streaming and spatial audio. The $15.49 Commonplace plan and the ad-supported plan are restricted to 1080p.
Netflix introduced the value hikes in its earnings name for the third quarter of 2023 [PDF], which befell at the moment. Netflix mentioned that it added 8.8 million new subscribers, up from 2.4 million new subscribers within the year-ago quarter. Income got here in at $8.54 billion, up from $7.9 billion final yr.
Subscriber development comes after Netflix started cracking down on password sharing between households. Netflix says that cancel response to the password sharing limitation “continues to be low,” exceeding its expectations.
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