Netflix is over you giving your password to people. So, they decided to shut it all down by increasing the security and decreasing access to their inventory. They have taken it a step further and even decided to raise their prices!
Netflix knows there ain't nothing like Netflix & Chilling on a weekend. So, because of that they want their coins. The streaming service will be raising their fees for all streaming video plans in the U.S. This price increase is said to extend to about 40 Latin American countries including Uruguay, Barbados, & Belize. However, the rate hikes will not affect their region’s biggest markets, which are in Mexico and Brazil. Lucky for them!
The original price points for Netflix were:
Basic Plan: $7.99, Standard Plan: $10.99, Premium Plan $13.99.
They have raised these plans to:
Basic Plan: $8.99, Standard Plan: $12.99, Premium Plan: $15.99.
The recent hike in prices is the biggest fee hike in the history of Netflix. These price adjustments will apply to all the new Netflix subscribers in the U.S. immediately during their sign-up. But, existing subscribers will be automatically moved to their new pricing plan over the next few months. A spokesperson for Netflix says “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience,"
Netflix had a total of 58.4 million U.S. customers at the end of 2018, and they had a worldwide total of 137.1 million streaming members. What this means to me is that they didn't really need to raise those prices because either way they have money.. but let me mind my business.
How are you all feeling about the surge charges by Netflix? Are we cancelling our subscriptions and Hulu & Cuddling from now on? Let me know so I can save some money.
Photos @ Getty Images.