Netflix Shocks Fans With Price Hike After Record Breaking Growth
Netflix has announced price increases across multiple countries following a substantial growth of nearly 19 million subscribers in late 2024. The streaming service plans to implement higher subscription costs in the United States, Canada, Argentina, and Portugal, while remaining silent about potential UK price changes. In the US market, the standard ad-free subscription will increase to $17.99 monthly from $15.49, while the ad-supported tier will rise by one dollar to $7.99. The company's last US price adjustment occurred in October 2023, which coincided with UK price modifications for certain plans. The streaming giant justified the price increases, stating, "We will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix." The subscriber growth, which significantly exceeded expectations of 9.6 million new members between October and December, brought Netflix's total subscriber base above […]
