![]() The influx of money will also help pay for Netflix's heavy investments in original shows and movies to compete with rival streaming services like Disney's new platform and Amazon Prime. The hike comes as Netflix is set to lose all its Disney content as Disney introduces its own video-streaming platform this year. In a statement provided to BuzzFeed News, a Netflix spokesperson said, "We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members." The increased prices will also apply to Netflix customers in Latin America and the Caribbean, but excludes customers in Mexico and Brazil. These changes will be applied to all existing subscribers over the next few months, and to all new Netflix members immediately.Įxisting customers will be notified by email and the Netflix app 30 days before the new prices are applied to their subscription. ![]() This is the second time in less than 15 months that the streaming giant has increased its subscription rates, with a previous hike in October 2017. In comparison, HBO Now's basic plan is $14.99 compared to Netflix's $8.99 while Hulu charges $11.99 for its subscription without ads. Its premium 4S plan that includes ultra high-definition quality is increasing from $13.99 to $15.99. Starting in December, Netflix will again be raising prices for its U.S. ![]() ![]() The price of its most popular plan - the 2S plan that includes high-definition quality - is increasing from $10.99 to $12.99 per month, while its basic plan is increasing from $7.99 to $8.99. As a result, its average fee per subscriber has gone up by 12, from 8.65 in 2016 to 9.7 in the first nine months of 2017. Starting today, Netflix is raising prices for its 58 million US subscribers in what will be the biggest price hike since the streaming service's launch 12 years ago. ![]()
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