Netflix increasing prices

News
Netflix_208170

FILE – This March 20, 2012 file photo shows Netfilx headquarters in Los Gatos, Calif. Netflix on Thursday, Oct. 8, 2015 announced it is raising the price of its Internet video service by $1 in the U.S. and several other countries to help cover its escalating costs for shows such as “House of Cards” and […]

Netflix is raising its U.S. prices by 13 percent to 18 percent, its biggest increase since the company launched its streaming service 12 years ago.
 
Its most popular plan will see the largest price hike, to $13 per month from $11. That option offers high-definition streaming on up to two different internet-connected devices simultaneously. Even at the higher price, that plan is still a few dollars cheaper than HBO, whose streaming service charges $15 per month.
 
The extra cash will help to pay for Netflix’s huge investment in original shows and films and finance the heavy debt it has assumed to ward off rivals such as Amazon, Disney and AT&T. Its annual programming costs reached $8 billion in 2018.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

StormTracker 6 Radar