Netflix raised its prices again in the United States and Canada. All new subscribers will now begin to see the new prices and exiting users will be given a 30 days notices via email before the new prices enter effect.
According to Netflix,
We are updating our prices so that we can continue to offers a wide variety of quality entertainment options.
The New Prices are as Follows :-
- Basic - 1 Stream 480p is $8.99 to $9.99
- Standard - 2 Stream 1080p are $13.99 to $15.49
- Premium - 4 Stream 4K are $17.99 to $19.99
In Canada, the new prices are:-
- Basic - $9.99
- Standard - $16.49
- Premium - $20.99
In 2020, the Netflix Standard prices went from $13 to $14. And as at 2019, it was $11 to $13.
I can say the main reason for increase in prices for TVs and Movies is the increase in demand during the Pendemic.
Hollywood is still trying to sort out its strategy, Netflix has confidently doubled down on a winning formula and slipped its customers the bill.
