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For only the second time in 5 years, Netflix is raising their price on US subscribers. The standard Netflix plan that offers two HD streams, is increasing from $10.99 to $12.99 per month. Also the Basic Netflix plan is going up from $7.99 to $8.99 per month. The Premium plan, which provides up to four Ultra HD streams, is increasing from $13.99 to $15.99 per month.
“We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience,” the company said in a statement.
Well $2 a month may feel like a lot it is still far lower than the $5 to $10 a month price jump many cable subscribers saw this month.
Netflix needs to make this move because they are facing two real issues. First, competition from places such as Hulu and Amazon are driving up the costs of content rights. Second, original content that Netflix is putting so much effort into costs more than buying rights to old shows does.
Although your cost may be going up $2 Netflix is hoping the expanded lineup of great original shows will offset the higher cost. Netflix is also hoping that their deal with Disney to expand their lineup of Disney shows, movies, and other Disney content will help justify the increase.
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