Today Netflix announced that their standard Netflix HD plan with two simultaneous streams will go up from $9.99 to $10.99 per month. Their higher end plan 4K with four simultaneous streams will go from $11.99 to $13.99. The basic plan that offers a single SD stream will stay at $7.99 a month.
All of this will take effect today October 5th 2017 for new subscribers and current subscribers will start getting notifications on October 19th 2017 that their bill will go up on their next billing cycle.
Netflix did not state why they are raising the price but its likely in answer to growing costs of content and Netflix plans to spend $7 billion on new content in 2017.
This price hike comes right after we learned that Fox is pulling most of their shows this month and Disney will be pulling their movies in 2019. This price hike also means Hulu’s new commercial-free plan is just $1 more a month and will have most of the Fox shows that are being pulled this month.
Will this price hike effect your subscription to Netflix? Leave us a comment and let us know what you think about it.
Source: Business Insider
Please follow us on Facebook and Twitter for more news, tips, and reviews.
Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.