Netflix Announces Another Price Increase

netflixincrease

Update: According to Variety, Hulu is dropping the price of their basic account to $5.99 / month for a limited time.

Well I think we all knew this was coming. Last week Netflix announced that in order to help offset the cost of developing original content, they will be increasing their monthly subscription costs yet again. They are planning to spend $7 billion on original programming next year, although they still claim that the majority of their budget goes to licensed content. The company’s last price increase was announced back in 2014 but it didn’t actually roll out for long-time subscribers until last year. This time around, prices will be going up almost immediately, taking effect by mid-November. They won’t be touching the price of the lowest tier plan in the U.S., however. The new prices are as follows:

Basic: $7.99 US / $8.99 CAD ($1/month price increase in Canada)
Standard: $10.99 US / $10.99 CAD ($1/month increase)
Premium: $13.99 US / $13.99 CAD ($2/month increase)

Price increases are rolling out in other regions as well although Canada seems to be the only place where the Basic plan is increasing. Netflix’s premium plan is now more expensive than both Amazon Prime and Hulu in the U.S. (Amazon is $8.99 per month while Hulu is $7.99 per month with ads and $11.99 without) although both services could be contemplating a price increase of their own. While subscribers are sure to grumble over the change, Netflix is unlikely to lose many subscribers over it. It is still perceived to be a great deal… assuming you are a fan of Netflix’s original programming, that is. Will this news make you rethink your streaming options?

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  • Blake in Boston

    Nah, this stuff is still cheaper than cable and also MINDHUNTER looks great.

    Sean, post some real hard hitting news, like how Carpenter is a Destinyhead: https://www.theguardian.com/music/2017/oct/10/john-carpenter-interview-anthology-film-scores

  • I’m OK with this. Getting into Bloodline, just watched Gerald’s Game and queuing up more new licensed content all the time. I want to complain but $1 a month? If it leads to more good content please take my dollar.

  • Lori Cerny

    I”m out on Netflix. It’s not much money, but my budget is super tight. Don’t even buy snacks at the theater anymore.