Netflix increased the prices of all subscription plans, new prices will be applicable on this day
New prices of Netflix plans
Standard Ad-Free Plan: The company has increased the price of the Standard Ad-Free plan by $2.50 to $17.99 per month.
Ad-Supported Plan: The company has increased the price of the ad-supported plan by $1 to $7.99 per month.
Premium Plan: The company has increased the price of the premium plan by $2 to $24.99 per month.
When will the new prices come into effect?
According to the information, the prices will be applicable immediately for new customers. While for existing customers the new prices will be applicable from the next billing cycle.
Why were the prices increased?
Netflix said in a letter that the company is continuously investing in its programming and trying to provide high value content to its members. For this reason, from time to time the company has to make its plans expensive so that Netflix can be made even better.
Record increase in Q4 2024
This price increase comes at a time when Netflix added 18.9 million new subscribers in its Q4 2024 report. This is the company's biggest quarterly growth so far. Netflix now has 300 million global subscribers.
Will there be a price change in other countries also?
Right now this change in prices is not limited to America only. It is being told that customers of countries like Canada, Portugal and Argentina will also have to bear the brunt of this. However, there has been no change in the prices of Netflix plans in India yet.
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