Netflix Announces Another Price Hike

Netflix has announced another round of price increases across all its subscription plans for users in the USA, Canada, Portugal, and Argentina.

Netflix New Prices

The ad-supported tier rises to USD7.99/month (from USD6.99), the standard tier to USD17.99/month (from USD15.99), and the premium tier to USD24.99/month (from USD22.99).

Meanwhile, in the Philippines, there are no reports of a price hike yet, the prices are still the same on Netflix’s PH website.

netflix announces another price hike 1

According to a report, the streaming service company justifies the price hike to invest in original programming, including upcoming seasons of Stranger Things and Wednesday.

Also, the company is introducing a new subscription tier called “Extra Member with Ads,” allowing ad-supported users to add someone outside their household for $7.99 per month.

The company is also expanding into live sports and special events, such as NFL games and concerts.

What do you think of this price hike?

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