Netflix is increasing its monthly prices again, marking the sixth time the streamer has increased its prices since 2014.
Netflix updated theirs official price plan chart to reflect the new $1 increase for the Standard plan and a $2 increase for the Premium plan with 4K streaming.
The new monthly price for the Standard plan is now $15.50 from the previous $14, and the new price for the 4K Premium plan is $20 from $18.
Netflix Spotlight: December 2021
Netflix first increased its price to $8.99 in 2014, which seems odd today. Netflix even ran a promotion where subscribers could keep the original price of $7.99 for a full two years before the price change went into effect.
Since then, Netflix has increased the price by $1 to $2 roughly every two years. In a statement to Reuters, Netflix says it’s updating prices “so we can continue to offer a wide variety of quality entertainment options.” As always, we offer a range of plans so members can choose a price that fits their budget.”
Netflix has a basic plan that costs $9.99 per month but doesn’t include HD streaming.
Streaming should offer an alternative to bundled TV plans, but with so many streaming services available, including Disney+ and HBO Max, maintaining multiple subscriptions isn’t that uncommon. A popular strategy is to unsubscribe from unused streaming services until a new show comes out.
Netflix subscribers will receive an email notification 30 days before price changes.
Matt TM Kim is the news editor of IGN. you can reach him @lawoftd.