It looks like your Netflix subscription will cost a little more as the company begins to raise its prices.
According to USA Today, the streaming service announced on Tuesday that it would raise the prices across its U.S. plans for new subscribers, and the price for existing subscribers will increase over the next three months.
Netflix’s popular plan, which features two HD streams, will go from $10.99 to $12.99. The least inexpensive plan will go from $7.99 to $8.99 and the premium option will go from $13.99 to $15.99.
The streaming service is raising its rates as they continue to fund their push into original content. The company reportedly spent between $12 billion and 13 billion in 2018 to fund its original content such as “13 Reasons Why,” “Orange is the New Black” and the recent hit film “Bird Box.”
A spokesperson for Netflix said, “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members.” This is reportedly the company’s fourth time raising its streaming plan prices. They last raised its prices back in 2017.
Existing users will be notified about the price increase via email.
Roommates, what are your thoughts?