Photo credit: Andres Ayrton
Netflix says it is raising prices across all of its streaming plans as the company focuses on revenue growth. That means it might be time for some Netflix alternatives.
If you’re intent about sticking with the streaming service, here’s what to know about Netflix price increase.
The changes mean that Netflix’s basic plan rises from $9 to $10. And the standard plan goes from $13.99 to $15.50.
Netflix is the leading TV streaming service in the United States, but relative newcomers like Disney Plus and HBO Max have taken significant market share.
The prices hikes will cascade throughout the subscription membership, the company says.
“These prices apply to new members and will gradually take effect for all current members. Current members will receive an email notification 30 days before their price changes, unless they change their plan,” Netflix says in a statement.
Here are the Netflix prices as they are currently stated on the website:
| Plans | Monthly Price | # of Devices That Can Stream Simultaneously | Features and Details |
|---|---|---|---|
| Basic | $6.99 | 1 | Watch in HD. Unlimited movies, TV shows, and mobile games. |
| Basic With Ads | $9.99 | 1 | Watch in HD Some movies and TV shows unavailable, unlimited mobile games |
| Standard | $15.49 | 2 | Watch in HD. Unlimited movies, TV shows, and mobile games. |
| Premium | $19.99 | 4 | Watch in HD. Unlimited movies, TV shows, and mobile games. |
One of the ways you can withstand this cost increase from Netflix is to have some strategies to save money. Here are a few:
Want to cut the bill in half? Share your Netflix account with your friends or family members. That way, you can save on the monthly fee as well as any increases that may come later on.
Netflix allows you to pause your subscription for up to eight weeks. That was the option I was given when I canceled my account last year.
Not only will pausing your account save you some cash, but it will give you some time to access whether Netflix is really worth it.
Here are more ways to save money on Netflix.
As we mentioned earlier, Netflix is not the only streaming service in town. To save money, look into cheaper alternatives that give you your choice of movies and TV shows.
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