Technology Netflix announces price increase for Standard and Premium Tiers

[Jengo]

Content source

https://www.vulture.com/2023/10/netflix-announces-price-increase-for-standard-premium-tiers.html

In a letter to shareholders, Netflix explained, “As we deliver more value to our members, we occasionally ask them to pay a bit more,” adding that its subscription-tier costs are “less than the average price of a single movie ticket.”

So whom will the price increases affect? Customers subscribed to the Standard With Ads and Standard plans will see no change in their pay cycles, but customers with Premium subscriptions will be charged $22.99, a two-dollar increase, starting today. Those who have been grandfathered into Netflix’s Basic plan, now defunct for new subscribers, will also see a jump in cost from $9.99 to $11.99 a month.

 

[tidyloop]

In a similar vein, Netflix is cutting the Basic plan in Australia from next week. The decision follows a successful move to axe its basic plan in the US, UK, Canada and Italy earlier this year for new and rejoining members.

https://www.news.com.au/finance/business/media/netflix-to-scrap-basic-plan-in-australia/news-story/44b9c2407f1dd880c0ec40b1a1694860

 

[Jengo]

Gladly i will never pay any cent for any streaming service. They just want more and more more money. And the content is lousy.