Netflix's prices are going up again.

The streaming media company said Friday it is raising the prices on its standard plans in the United States and Canada.

In the United States, the subscription price for the standard plan went up $1.50 to $15.49. The basic plan went up $1 to $9.99 and the premium plan went up $2 to $19.99

In Canada, the price for Netflix's standard plan also went up $1.50 to $16.49 Canadian. The premium plan went up $2 to $20.99 Canadian. Its basic plan was unchanged.

Explaining its decision, Netflix delivered CNN a statement that was identical to its comment from October 2020, the last time it raised prices.

"We understand people have more entertainment choices than ever and we're committed to delivering an even better experience for our members," a Netflix spokesperson said. "We're updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget."

Netflix's stock rose roughly 2% following the news.

The-CNN-Wire

™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

You must be logged in to react.
Click any reaction to login.
0
0
0
0
0

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.