Netflix raises its prices once againNetflix is about to get a little bit more expensive.
First reported by Mashable and confirmed by Business Insider, streaming video service Netflix is raising prices for users in the US. The price hike will begin today for new subscribers, while those who currently have accounts will be officially notified of the change starting on October 19 and will be given 30 days notice before their monthly bill is increased. All subscribers will be paying the new prices by the end of this year.
Thankfully, Netflix's basic $7.99 plan will remain untouched. However, the price of Netflix's most popular "standard" plan that includes HD and two simultaneous streams will be upped from $9.99 per month to $10.99 per month, and the company's premium service, which includes 4K resolution and four simultaneous streams, will be upped from $11.99 to $13.99 monthly.
In a recently released statment regarding the price hike, Netflix had the following to say:
From time to time, Netflix plans and pricing a...
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Netflix raises its prices once again
