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Netflix Hikes Prices in U.S., Canada for Most Subscription Plans

Netflix Hikes Prices in U.S., Canada for Most Subscription Plans
Credit: Netflix

Credit: Netflix

Netflix raised the monthly price of most of its subscription plans in the U.S. and Canada, as the streamer looks to generate more revenue from a slower-growing base customers.

The price increases, announced Friday, will see Netflix’s Standard plan — its most popular tier, which provides two simultaneous HD streams — go up by $1.50, to $15.49 per month.

In addition, Netflix’s Premium plan (with four streams and offering 4K Ultra HD content) is going up by $2, from $17.99 to $19.99 per month, for U.S. customers. The Basic plan (with a single non-HD stream) is going up $1, to $9.99 monthly.

A notice on Netflix’s customer-support site says the new prices apply to new members and will gradually take effect for all current members. “Current members will receive an email notification 30 days before their price changes, unless they change their plan,” the message says.

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Author: Editors Desk

Source: Variety:

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