Petteri Pyyny
4 Apr 2019 12:01
Netflix will increase its prices for U.S. users in May, 2019. The price hike will also affect those users in Latin American countries that are being charged in U.S. dollars.
Some of the new subscribers are already paying the increased price and some of the old users have already seen their prices rise to the new levels. However, the remaining subscription base will change to the new, increased price level in May.
The basic plan is rising from $7.99 to $8.99, the standard package from $10.99 to $12.99 and the premium plan, with UHD/4K streaming, will cost $15.99 instead of $13.99.
Netflix has been pumping money into its original content and is preparing to challenge the upcoming Disney subscription service, as well as Apple's new subscription service. Netflix poured $12 billion in content in 2018 and is expected to spend $15 billion this year on content.