Netflix raises prices on all plans in US2022-01-14 18:22 by Daniela
Netflix is raising prices across all of its plans in the US today. The company's standard plan will rise to $15.50 per month from $14, while the 4K plan will rise to $20 per month from $18. The basic plan, which doesn't include HD, is also rising to $10 per month from $9. Prices are rising in Canada as well and the new prices are $16.49 for Standard and $20.99 for Premium, with Basic unchanged at $9.99.
The last increase was in 2020 (standard went from $13 to $14) and before that 2019 (from $11 to $13).
"We understand people have more entertainment choices than ever and we're committed to delivering an even better experience for our members," a Netflix spokesperson said. "We're updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget."
The price increase will take effect immediately for new customers. Existing members will see the price change over the coming weeks. Members will be notified by email and through the app 30 days before the price changes takes effect on their account, said Netflix.
Netflix is facing more competition than ever, and now most of its rivals are actually less expensive. In the United States, Hulu costs $12.99/mo with no advertisements (or $6.99/mo with ad breaks), Disney+ is priced at $7.99/mo or $79.99/year, and HBO Max is $14.99/mo. Although it's not strictly a Netflix competitor, YouTube Premium is $11.99/mo and includes access to Google's music streaming platform, YouTube Music.
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