Netflix has raised the price of its streaming subscription service in the United States for the second time during this pandemic. With more entertainment options than ever before, Netflix jobs will use the extra funds to keep providing subscribers with a diverse range of high-quality options on its platform.
A basic Netflix account, which allows for streaming on a single device at a time but does not include HD or 4K content, is now $9.99 per month. Upgrading to the standard tier allows you to watch on two screens at the same time and includes HD content for $15.49 per month, a $1.50 increase over the previous rate especially good for people who work from home jobs.
When 4K Ultra HD content is available, the top-tier premium package allows for four simultaneous streams. This will now cost you $19.99 per month, up from $17.99.
Rates are also going up in Canada, with the standard plan now priced at 16.49 CAD per month. A spokesperson told Reuters they are updating pricing so they can continue to offer a wide variety of quality entertainment jobs and options. “As always, we offer a range of plans so members can pick a price that works for their budget,” the spokesperson added.
Netflix’s stock price rose around $20 in response to the news, but it closed at $525.69, having lost half of its gains. Netflix raised its prices in the United States last in October 2020, adding $1 to the standard tier and $2 to the premium tier. The basic tier remained unchanged during the most recent round of price increases.
Netflix is now significantly more expensive than competing streaming services, thanks to the new rates. HBO Max is available for $7.99 per month for a full year, the same price as Disney+. The Disney Bundle costs $13.99 per month and includes Disney+, ESPN+, and an ad-supported version of Hulu.
Source: The Techspot