Netflix has decided to raise their price during a pandemic.
As of this writing, Netflix charges $12.99 a month for their most popular plan. Starting on October 29, new customers will pay $13.99 a month. Premium subscribers will see prices go up by $2 to $17.99. The price hikes come in the midst of Netflix’s slowed growth in users.
Regarding Thursday’s price hikes, a company rep said: “We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members. We’re updating our prices so that we can continue to offer more variety of TV shows and films — in addition to our great fall line up. As always we offer a range of plans so that people can pick a price that works best for their budget.”
