Netflix Hiking Subscription Fees in the U.S by 12-18 Percent, Its Highest Ever
Netflix today announced that it is going to raise its subscription fees in the U.S. by 13 percent to 18 percent. Netflix had last hiked its subscription fees in 2017 but that was only for its HD and 4K Premium plans. This time around, the price increase will affect all 58 million Netflix subscribers in the U.S. The cheapest Netflix ‘Basic’ plan which currently costs $8/month will increase to $9/month after the hike. The company’s most popular plan, HD Standard, will cost $13 instead of $11 that it currently costs. The 4K Premium plan will see its monthly fees jump from $14 to $16. This is the biggest price hike from Netflix since it came into existence 12 years ago. The new subscription rates will be applicable effective immediately for new subscribers and roll out to existing subscribers over the next three months. Apart from the U.S., 40 other Latin American countries where Netflix charges its customers in US currency will also be affected by this change. Key Netflix markets like M