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2022-01-16

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Netflix Is Raising Subscription Prices: Here's What You Need To Know

Netflix Inc(NASDAQ:NFLX) is raising its United States monthly subscription prices by $1 to $2 per mo

Netflix Is Raising Subscription Prices: Here's What You Need To Know

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As always we offer a range of plans so members can pick a price that works for their budget,&#34; a Netflix spokesperson told Reuters.</p><p>Netflix&#39;s standard plan, which previously cost $13.99 per month, has been raised to $15.49 per month in the U.S. The basic plan was raised to $9.99 per month, up from $8.99, and the premium plan was increased from $17.99 to $19.99 per month.</p><p>Prices were also raised in Canada by similar amounts.</p><p>The price increases have already been put in place for new Netflix customers and existing customers will see price changes on their upcoming monthly bills.</p><p><b>Why It Matters:</b> Netflix is facing increasing competition from<b> Walt Disney Co&#39;s</b>(NYSE:DIS) Disney+ and <b>AT&amp;T Inc&#39;s</b>(NYSE:T) HBO Max.</p><p>Netflix&#39;s subscriber growth slowed in 2021following a surge in subscribers during the previous, pandemic-stricken year. 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As always we offer a range of plans so members can pick a price that works for their budget,\" a Netflix spokesperson told Reuters.Netflix's standard plan, which previously cost $13.99 per month, has been raised to $15.49 per month in the U.S. The basic plan was raised to $9.99 per month, up from $8.99, and the premium plan was increased from $17.99 to $19.99 per month.Prices were also raised in Canada by similar amounts.The price increases have already been put in place for new Netflix customers and existing customers will see price changes on their upcoming monthly bills.Why It Matters: Netflix is facing increasing competition from Walt Disney Co's(NYSE:DIS) Disney+ and AT&T Inc's(NYSE:T) HBO Max.Netflix's subscriber growth slowed in 2021following a surge in subscribers during the previous, pandemic-stricken year. 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