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Netflix Raising Prices on Standard, Premium Streaming Subscription Services

Netflix is elevating the costs on its customary and premium streaming subscription companies.

The Netflix company logo is seen at Netflix headquarters in Los Gatos on April 13, 2011. (Credit: Ryan Anson/AFP/Getty Images)

The Netflix firm emblem is seen at Netflix headquarters in Los Gatos on April 13, 2011. (Credit: Ryan Anson/AFP/Getty Images)

The customary service, which permits clients to stream exhibits and films in HD on as much as two screens directly, is now priced at $10.99 month-to-month, up from $9.99. The premium service, which offers viewing on as much as 4 screens (plus extremely HD content material entry), is $13.99, up from $11.99.

The primary service, which permits Netflix streaming on one display screen and doesn’t permit for HD or extremely HD viewing, will stay at $7.99.

But the value change, first reported by Mashable, received’t influence current members but. According to a Netflix spokesperson, the replace will roll out to subscribers within the upcoming weeks.

Netflix will give customers 30 days discover earlier than the value replace turns into efficient, relying on their billing cycle. Members can be notified of the change, beginning October 19.

The value improve for brand spanking new U.S. members grew to become efficient on Thursday.

Related: Netflix desires to make it simpler to binge-watch on planes

“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 corporate stated in an announcement.

The will increase come as the corporate pours extra money into creating unique programming. The firm has dedicated $15.7 billion to streaming content material offers — with $6 billion earmarked for 2017 alone.

Last 12 months, Netflix raised its customary HD plan to $9.99 per 30 days, up from $eight.99.

Netflix has treaded flippantly with value will increase since 2011, when it out of the blue hiked costs 60% for streaming and DVD-by-mail subscribers.

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