• News
  • Life&Culture

Netflix is raising its prices

Netflix is raising its prices

Netflix is going to be increasing the membership fee for some of the more popular streaming plans available to customers by one dollar, which means a year of Netflix the way you are now enjoying it may cost you an extra $12 to $24 a year.

The most popular Netflix plan, which supports high-definition video and allows simultaneous streaming to two screens, was raised a dollar a month to $10.99.

Wall Street appeared to approve of the move, as Netflix shares were up almost 4% to $191 apiece in midday trading. Entry level plans will remain at $7.99 a month.

The new prices were listed on Netflix's website as of Thursday and would be in effect for all new subscribers starting the same day.

Mashable, which earlier reported on the price increase, said customers will start to see the bill increase in November, though Netflix plans to inform customers by October 19 of the change. And the premium tier will cost $13.99 rather than $11.99.

With the price increases, Greenfield expects Netflix's global subscriber growth to slow "modestly" in 2018 (with 20.2 million net new subs vs. 20.9 million projected for 2017) and then re-accelerate in 2019 to 21.1 million net adds.

Koike shakes up Japan vote
The leader of the main opposition party in Japan has announced it would not field any candidates in next month's snap election. Koike, at a news conference, denied speculation that she might run for parliament herself.

While Netflix's pricing will now be higher, the company's streaming service is still cheaper than many of its competitors, including HBO Now, which offers access exclusively to that network's content for $15 a month.

As the streaming platform expands its original production budget from $6 billion to $7 billion, it's turning out consumer pockets to make up the difference.

HBO is a more expensive competitor at $14.99 a month.

As of the end of June, Netflix had about 52 million US streaming subscribers, and 104 million total worldwide. It also has a larger pool of content for viewers to enjoy. Hulu pricing on content without commercials costs $11.99 per month.

Netflix's selection of content changes from month to month as the service rotates out TV shows and movies while adding new ones.

Shares of the Silicon Valley-based company jumped more than four percent to $192.44 (R 2633.76) in trading following news of the relatively small price hike.

Leave Your Comment

Leave Your Comment


Latest News

  • Andrew House is stepping down as the head of PlayStation

    Andrew House is stepping down as the head of PlayStation

    It also said PSVR's packaging would change to allow customers to distinguish between the new version and the old CUH-ZVR1 model. Unlike the old PSVR which debuted past year , the new design does not require users to disconnect in order to view HDR content.
    Nintendo SNES Classic just launched, and it's already selling out

    Nintendo SNES Classic just launched, and it's already selling out

    Nintendo will launch the mini SNES Classic Edition on Friday, and it may be hard to get your hands on one. The Super NES Classic has no internet connection, so there is no way to compete online with friends.
    Judge Rules Black Lives Matter Cannot Be Sued

    Judge Rules Black Lives Matter Cannot Be Sued

    The judge also denied the plaintiff's request to add Black Lives Matter Inc., a group connected to the movement, to the suit. They have meetings". "This shows a level of national organization".
  • Copy-Trump blames San Juan mayor, Democrats over Puerto Rico response

    Copy-Trump blames San Juan mayor, Democrats over Puerto Rico response

    Trump, I beg you to take charge and save lives", she said. "Damn it, this is not a good news story ", Cruz told CNN . Trump added that due to incompetence, the USA had to send 10,000 federal workers to the devastated region. "Mr.
    Moscow says ready to cooperate with Pyongyang to resolve missile crisis

    Moscow says ready to cooperate with Pyongyang to resolve missile crisis

    But in the Korean Peninsula, Russia's increasing involvement is welcomed by one of the USA key ally in the region, too. Posted: Sep. 29, 2017 8:00 am Updated: Sep.
    Super Mario Run 50% Off On Android, Gets Major Content Update

    Super Mario Run 50% Off On Android, Gets Major Content Update

    However, it sounds like one of Hino's first attempts came out looking more like a crocodile than everyone was comfortable with. The interview also touched on some less disturbing news when Takashi Tezuka talked about the origins of Yoshi .
  • Giants end sour season with a win, lose first pick

    Giants end sour season with a win, lose first pick

    Bochy and catcher Buster Posey both spoke, and Bochy also thanked the fans for supporting the Giants through a 64-98 season. Cain won three World Series rings with the Giants and had a 2.10 ERA in eight postseason starts.
    Defence Minister Sitharaman visits border areas to boost soldiers' moral

    Defence Minister Sitharaman visits border areas to boost soldiers' moral

    She said that holding DAC meets fortnightly will enable speeding up the process of capability development of the Armed Forces. Sitharaman was given an overview of the Counter Infiltration and Counter Militancy Operations undertaken in the recent past.
    Barack Obama joins Prince Harry for Invictus surprise

    Barack Obama joins Prince Harry for Invictus surprise

    Harry last visited the Honeymoon Capital in 1991 along with his late mother Princess Diana and his brother Prince William . The 44th US president shared a laugh with the prince, posed for pictures with athletes and shook hands with spectators.
  • Man arrested after vicious knife attack on Edmonton police officer

    Man arrested after vicious knife attack on Edmonton police officer

    The person is believed to have acted alone , although police are not ruling out involvement by others, Mr Knecht said. The driver is then seen getting out of the auto and appears to stab the officer multiple times before fleeing.
    Mourinho Provides Update On Pogba Injury

    Mourinho Provides Update On Pogba Injury

    Manchester United will return to Premier League action after the global break when they take on Liverpool at Anfield on Saturday 14 October.
    Macklemore Cancels Aus Press Conference Ahead Of NRL Grand Final

    Macklemore Cancels Aus Press Conference Ahead Of NRL Grand Final

    I think there is a petition to ban me from playing it. "Footy fans shouldn't be subjected to a politicized grand final". Speaking to Channel Nine ahead of tomorrow's match, Macklemore said he would help fund the Yes campaign.
  • Troy HC Neal Brown discusses Trojans' monstrous upset over LSU

    Troy HC Neal Brown discusses Trojans' monstrous upset over LSU

    Two old kingdoms that aren't kingdoms anymore endured the unthinkable, and prepared for long days ahead pillorying their coaches . The three players were integral parts of LSU's 28-21 upset of No. 1 Florida 20 years ago on October 11, 1997, in Tiger Stadium.
    Ikea buys on-demand services site TaskRabbit

    Ikea buys on-demand services site TaskRabbit

    In March 2014, TaskRabbit founder and then-CEO Leah Busque told Ars that she wanted the company to "work on a global scale". IKEA just bought TaskRabbit , which connects people who need a job done with people who will do it.
    Boohoo.Com PLC (BOO) Receives

    Boohoo.Com PLC (BOO) Receives "Buy" Rating from Liberum Capital

    The Company's divisions include US: Air, US: Ground, Europe: Air, Europe: Ground, MENA: Air, MENA: Ground, Asia: Air and Other. The stock was acquired at an average cost of GBX 591 ($7.95) per share, for a total transaction of £200,165.79 ($269,184.76).
  • Wenger delighted for centurion Giroud

    Wenger delighted for centurion Giroud

    But Walcott opted against taking the spot kick, allowing Giroud to step up for what was his 100th goal for the North Londoners. BATE got their second goal in the 67th minute after comical defending from Arsenal who failed to clear their lines.
    Mona Lisa NAKED: Leonardo da Vinci painted 'NUDE sketch' of famous painting

    Mona Lisa NAKED: Leonardo da Vinci painted 'NUDE sketch' of famous painting

    The Mona Lisa is thought to have been a portrait of the wife of Francesco del Giocondo, a cloth merchant, and Florentine official. Deborah de Roberti, a performance artist spread her bare legs before Mona Lisa Painting in the Louvre museum .
    Former army officer elected Ukip leader

    Former army officer elected Ukip leader

    Henry Bolton , a former soldier and police officer, won UKIP's seven-person leadership election with 30 percent of the vote. UKIP's finances are shaky, with some party staff working on reduced salaries in order to keep the organisation functioning.

Breaking News



Recommended

Google Home Mini: Speaker, digital assistant worth $49

Google Home was the company's first stab at an Amazon Echo competitor-a smart home speaker imbued with a digital assistant. Google Home Max will work with YouTube Music, Spotify , Google Play Music, and other streaming services at launch.

Gabby Giffords Reacts to Las Vegas Shooting: "We Must Stop This"

"Jennifer and I are praying for the victims of this unspeakable violence in Las Vegas", Scalise (R-La.) posted on Twitter . Videos of the initial gunfire in Las Vegas appeared to indicate the use of a fully automatic, machine-gun-type weapon.

Amiens-Lille abandoned after barrier collapses

Amiens president Bernard Joanni placed the blame on Lille supporters, claiming they purposely put excess pressure on the barrier. The stand at Amiens' Stade de la Licorne stadium collapsed midway through a match with Lille .

Benjamin Mendy Gets Sidelined for Seven Months

Following the procedure, Mendy posted a picture on Twitter, with the caption: 'Surgery done: Jese and I nailed it. But Guardiola insisted yesterday that he is not concerned by his players' off-field activities.

Henry Bolton elected the new leader of UKIP in shock result

A banner was superimposed with an image of Mr Farage posing as Adolf Hitler with the European Union logo in the background. That comment was likely aimed at anti-Muslim candidate Anne Marie Waters , who came in second with 21 percent of the vote.

Moon touts stronger military for South

October 10 is one of the most important political anniversaries of the North - the anniversary of the Workers' Party foundation. It can be earlier or later than the year's end.

U.S. state election systems targeted by Russian hackers

Homeland Security first told state elections officials last Friday that Wisconsin was one of the states targeted. But he said Californians should feel confident that the state's election systems were not briefed.

Stokes included in England's Ashes squad despite broken hand

It has also emerged that brewery Greene King have discontinued an advert featuring Stokes. Harvey has featured on television show Loose Women and was caught using the word 'c***'.

Central Florida leaders working to create reception center for displaced Puerto Ricans

Additionally, the BBC, a foreign network, first covered Hurricane Maria more than United States outlets. The Jones Act was originally created to promote the U.S. ship-building industry after World War I.

Energy and gene editing could be sticking points for German coalition

First of all, Merkel's Christian Democrats (CDU) had a reliable partner in the equally center left Social Democrats (SPD). But at least the German citizens are paying attention and trying to change their country's current course.