Prepare your wallets, folks! Netflix has dropped a bombshell in their third-quarter earnings announcement.
Brace yourselves because your beloved Netflix subscription is about to get pricier. Yeah, you heard that right, and the changes are kicking in today. It’s like they just served us a freshly baked batch of financial woes. Here’s the scoop on the details.
So, here’s the lowdown. If you’ve been enjoying the sweet $9.99 per month Basic plan, get ready to dig deeper into your pockets. Starting right now, that plan is going up to $11.99. Ouch, right? But that’s not all.
For those of you living the high life with the Premium plan at $19.99 per month, it’s time to brace for impact.
You’re going to be shelling out $22.99 a month from now on. It’s like Netflix just pulled a money magician out of its digital hat.
And hold on to your remote! If you’re a fan of the ad-supported plan at $6.99, and the Standard tier at $15.49, fear not.
Those lucky souls are getting a free pass; their prices are staying put. Netflix’s got a whole bag of tricks, but they’re playing it safe with these two tiers.
History Repeats Itself
This isn’t the first time Netflix has made us cry over our subscription fees. Remember January 2022? That’s when they last cranked up the prices.
But here’s the kicker: they also stopped offering the $9.99 Basic ad-free plan to new and returning users back in July. It’s like they’re herding us towards the pricier pastures of their premium content.
But wait, there’s more! The price hike fever has spread across the pond too. For our buddies in the UK and France, Netflix’s got some changes in store.
The ad-supported and Standard plans are standing their ground, but the Basic and Premium plans are moving.
Across the Atlantic: UK and France Get a Taste
In the UK, the Basic plan is waving goodbye to £7.99, and you’ll now have to fork out a bit more – £7.99 is becoming £10.99.
Meanwhile, the Premium plan in the UK is getting an upgrade too. Say adieu to £17.99 and bonjour to £19.99. It’s like a Netflix-French Revolution but for your bills!
Our friends across the English Channel in France are also in for a little shakeup. The Basic plan is going from 9.99€ to 10.99€, and the Premium plan is stepping up from 19.99€ to 19.99€. Netflix, you sly dog!
Netflix’s Defense
Netflix has a rebuttal, of course. In a letter to shareholders, they said, “As we deliver more value to our members, we occasionally ask them to pay a bit more.”
Ah, yes, the old ‘value for money’ argument. They’re saying, “Hey, we’re giving you so much awesome content; it’s only fair you pay a little extra for it.”
Netflix also pointed out that their starting price, $6.99 per month in the US, is still super competitive compared to other streaming services.
They’ve got a point; it’s less than a single movie ticket costs in most places. But, Netflix, are you saying we should choose between a movie night out and binge-watching? Decisions, decisions!
The Bottom Line: Wallet vs. Entertainment
So, there you have it, folks. Netflix is out to fatten up your monthly bills once again. Some of us might grumble, but we all know we’re not canceling those subscriptions.
Netflix still has the content, and we still want to watch it. It’s a battle between our wallets and our entertainment cravings. Who’s going to win? Time will tell, but for now, we’re all still glued to our screens.
Netflix Price Table
Price | Oct 2023 | Jan 2022 | Oct 2020 | Jan 2019 | Oct 2017 | Oct 2015 | Apr 2014 | Apr 2013 | 2011 |
---|---|---|---|---|---|---|---|---|---|
Premium (4K, 4 screens) | $22.99 | $19.99 | $17.99 | $15.99 | $13.99 | $11.99 | $11.99 | $11.99 | N/A |
Standard (HD, 2 screens) | $15.49 | $15.49 | $13.99 | $12.99 | $10.99 | $9.99 | $8.99 | $7.99 | $7.99 |
Basic (No HD, 1 screen) | $11.99 | $9.99 | $8.99 | $8.99 | $7.99 | $7.99 | $7.99 | N/A | N/A |
Standard with ads (HD, 2 screens) | $6.99 |