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Netflix raises prices for US subscribers

The big picture: Netflix is raising the price of its streaming subscription service in the US for the second time during the pandemic. With more entertainment choices now than ever before, Netflix will use the extra money to keep offering subscribers a wide array of quality options on its platform. A basic Netflix account, which…

The big picture: Netflix raises the price of its streaming service in the US for the 2nd time during the pandemic. Netflix has more entertainment options than ever before and will use the extra funds to continue offering its subscribers a wide range of high-quality options on its platform.

A basic Netflix account, which allows for streaming on a single device at a time and doesn’t include HD or 4K content, is now a buck more expensive per month at $9.99. Moving up to the standard tier lets you watch on two screens simultaneously and includes HD content for $15. 49 per month, a $1. 50 hike over the previous rate.

The premium package at the top-tier allows you to stream four streams simultaneously and 4K Ultra HD content, when it is available. That’ll now set you back $19. 99 per month, up from $17.99.

Rates are also going up in Canada, with the standard plan now priced at 16. 49 CAD per month.

A spokesperson told Reuters they are updating pricing so they can continue to offer a wide variety of quality entertainment options. The spokesperson said that they offer a variety of plans to members so they can choose a price that suits their budget.

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