photo: Netflix Facebook page
Netflix has quickly become a must-have in every household with kids. From all your favorite TV shows, to family movie night at home, the streaming service offers so much for your money. But that price tag might become a little steeper now, however, depending on the plan you have.
Netflix is reportedly planning to raise prices starting in November on some of its streaming plans in the US. According to Mashable, who broke the story, the company plans to raise prices on its middle and top tier plans. The $9.99 plan will go up to $10.99 and the $11.99 plan will raise to $13.99 The only plan that seems to be unaffected by the changes is the basic package, which will stay at $7.99. Subscribers will get an email on October 19 explaining that they have 30 days if they want to opt out of their plans before the price hike.
Netflix explained the move in a statement to Bustle, saying “From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.” The price change is not astronomical, but when you consider that some subscribers might be shelling out for other services like Hulu and the upcoming Disney platform, costs can quickly add up.
Do you think this price hike is reasonable? Share your thoughts in the comments below.