Netflix Just Announced Price Hike And Becomes The Most Expensive Streaming Service

Netflix announced on Friday that it will raise the prices on the majority of its subscription plans in the U.S. and Canada. Its goal is to gain more revenue #obviously. There will be a $1 increase for the Standard plan and a $2 increase for the Premium plan that includes 4K streaming. This makes the new monthly price for the standard plan $15.50 over the previous $14, with new price for the 4K Premium plan rising to $19.99 from $17.99. This will be the streamer’s 6th price increase since 2014 when Netflix raised its standard plan price to $8.99 from its original $7.99. However, the company was so concerned about potentially losing subscribers over the $1 per month increase that it let existing members keep their prices for two years.