By TALIARBEL-AP Technology Writer
New York (AP) — Netflix is raising prices for video streaming customers in the US and Canada less than a year and a half after the last price increase amid intensifying competition from other streaming services.
A company in Los Gatos, California announced on Friday that prices will rise by $ 1 to $ 2 depending on plans. The “standard” plan most people adopt will increase by $ 1.50 to $ 15.50. The Canadian dollar has risen to 16.50 Canadian dollars in the local currency for the same amount.
With Netflix facing saturation in the US market, price increases are becoming a more regular feature. Of Netflix’s 213.5 million subscribers, about 74 million are in the United States and Canada. Early in the pandemic, subscribers from around the world came in, but we’re investing in video games as we grow beyond movies and television.
In the US, Netflix’s most expensive plan will increase by $ 2 to $ 20. Its basic plan is $ 1 to $ 10. Plans depend on variables such as the number of screens users can watch Netflix at the same time and the number of phones and tablets they can download. The company still mails DVDs for services that require a different plan.
Price increases are valid from Friday. Netflix will notify customers via email and within the Netflix app before new prices are applied.
Netflix Raises US and Canada Prices, Intensifying Competition | National News
Source link Netflix Raises US and Canada Prices, Intensifying Competition | National News