Business

How Will Netflix's Price Hikes Hit You?

How Will Netflix's Price Hikes Hit You?

Subscribers to two out of three main Netflix plans in the USA getting its monthly fee jacked up as the company lays out billions for content.

Netflix will begin sending 30-day notices of the price hikes on October 19.

The highest tier plan (four screens and ultra-high definition streaming) will increase $2 per month. The prices are already in effect for new sign-ups and will be rolling out to existing customers later this month, Netflix said.

As Internet streaming services become increasingly popular amid continuing cord-cutting, Netflix and rival streamers Amazon and Hulu are aggressively spending to acquire new series from major Hollywood and global suppliers, or produce their own original shows.

Netflix issued a brief statement, saying that pricing was adjusted to help add "more exclusive TV shows and movies" as well as introduce more product features.

Читайте также: UK's Fox slams European Union for slow progress in Brexit talks

The change announced Thursday affects most of Netflix's 53 million USA subscribers.

Netflix isn't really in a position to cut costs when it comes to content creation either, as competitors like Hulu and Amazon are steadily pumping more and more money into their own original movies and shows as well. The standard tier, which allows subscribers to watch on two screens at once, will be bumped up from $9.99 to $10.99 per month. The full implementation of the new prices is expected to take several months.

The last time Netflix hiked its prices was in 2015. If you go out to lunch at the same place every week and pay $10 for your meal but all of a sudden your meal costs $11, you're going to wonder why it's more expensive.

While Netflix's subscriber count has grown-the service now has about 104 million total subscribers and is predicting the number will grow to more than 108 million during the third quarter of 2017-so too has the SVOD's booming original content budget. It bought the streaming rights to The Good Place, for example, guaranteeing a second season, and it has deals in place with the CW for its shows.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог


  • Tillerson Won't Reply to

    Tillerson Won't Reply to "Petty" Charge He Called Trump a Moron

    However, his core national security team - Tillerson, Defense Secretary Jim Mattis and his second national security adviser, H.R. McMaster - has been viewed by Republicans and even many Democrats as a pillar of stability in an otherwise chaotic government.
    Bennet, Gardner cosponsor bill to extend and improve CHIP

    Bennet, Gardner cosponsor bill to extend and improve CHIP

    Some states, like Nevada, Minnesota and Utah, are already running out of funds to pay for this vital program. In North Carolina that means a family of four qualifies for CHIP if they earn less than $52,000 a year.
    New bill passed on late term abortions

    New bill passed on late term abortions

    However, the bill needs the unlikely support of at least eight Democrats to pass in the narrowly GOP-controlled Senate . This bill could "bring about a life-affirming culture because we protect these lives under the law", Quigley said .
  • Moscow warns against extradition of Russian nationals to US

    Moscow warns against extradition of Russian nationals to US

    Vinnik, suspected of laundering $4 billion worth of bitcoin, was arrested while vacationing in northern Greece in July 2017. Instead, Vinnik claims he was simply a technical consultant and BTC-e was one of his clients.
    FDA Says 'Love' Isn't An Ingredient In Granola

    FDA Says 'Love' Isn't An Ingredient In Granola

    A MA bakery's granola may be made with love, but federal officials say it shouldn't be listed as an ingredient on the package. The agency said that the use of "love" as an ingredient was not "among the agency's top concerns".
    Google Clips is a tiny AI-powered camera

    Google Clips is a tiny AI-powered camera

    It's designed for hands-free photography so you can capture those moments when you don't have time to press a shutter button. The little device looks like a camera , and lights up when it's on so everyone knows what Clips does and when it's capturing.
  • Woody Allen's WONDER WHEEL Trailer Sounds, No Surprise, Like Woody Allen

    Woody Allen's WONDER WHEEL Trailer Sounds, No Surprise, Like Woody Allen

    Legendary cinematographer Vittorio Storaro has always been a master of color, and that genius looks to be on full display here. The true star of Wonder Wheel however is the brilliant, colorful, lovingly-recreated Coney Island backdrop.
    Stephen Paddock possibly planned attack on another music festival

    Stephen Paddock possibly planned attack on another music festival

    A spokesperson for the Ogden hotel stated that they are "not in a position to confirm or deny anything about Mr. At Paddock's home in Mesquite, Nevada, officials discovered more weapons and explosive materials as well.

    "American Idol" judges Katy, Luke & Lionel say their chemistry is "magical"

    And we think about that throughout our whole assessment of this human standing in front of us". And you know, we revert back to how people handled us in our path to get here.
  • Google Assistant App Appears on Google Play, New Assistant Features Announced

    Google Assistant App Appears on Google Play, New Assistant Features Announced

    The Assistant was first exclusive to Pixel devices but it, later on, was made available for other Android Nougat devices as well. To begin with, the company has updated the Play Store policy, encouraging developers to start building the app.
    Oil steady after surprising increase in USA  crude exports

    Oil steady after surprising increase in USA crude exports

    US crude inventories probably fell by 500,000 bbl last week, according to the median estimate in a Bloomberg survey. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
    VX nerve agent 'may not have killed Kim Jong Un's half-brother'

    VX nerve agent 'may not have killed Kim Jong Un's half-brother'

    Under cross-examination by defense lawyers, Mohamad Shah acknowledged he had limited knowledge of VX and nerve agents in general. To a question by lawyer Gooi Soon Seng, Shah said he could not ascertain if Kim Chol was poisoned before arriving at klia2.