This article originally appeared on Louisville Courier Journal: Netflix just hiked prices on basic, premium plans. It added 8.8 million subscribers in the third quarter. Netflix reported third-quarter revenue of $8.54 billion, up from $7.9 billion in the year-ago quarter. ![]() Netflix has launched other money-making efforts including cracking down on password sharing and an ad-supported tier of its streaming service. As we deliver more value to our members, we. The company’s standard plan will rise to 15. The last time Netflix raised prices in the U.S. Netflix is raising prices across all of its plans in the US today. ![]() Netflix’s 7 ad-supported plan will still cost 7 a month. The Wall Street Journal estimated the average cost of watching a major ad-free streaming service will go up nearly 25% in about a year. The streaming giant hiked the monthly price of its basic plan to 12 from 10 and its premium plan to 23 from 20. The current round of price increases signals once and for all that the era of cheap streaming has come to an end. Effective immediately, Netflix is hiking the monthly price of its costliest plan in the U.S. Netflix, Disney+, Hulu and Peacock have announced price increases in recent months. The trend is squeezing wallets and budgets. Growing economic pressures on the streaming industry has streaming providers raising prices and cracking down on password sharing. Netflix is paying more than $5 billion for 10 years of Raw.In this file ilustration photo taken on Maa computer and a mobile phone screen display the Netflix logo in Arlington, Virginia. It's Netflix's biggest foray into live entertainment yet. On Tuesday, Netflix announced WWE's Raw would come to the service in 2025. This past July, Netflix CFO Spence Neumann told investors that the streamer was more than a year out from any price increases in its major markets like the U.S. The ad tier costs $6.99 a month - the same price at which it launched in 2022. A standard Netflix subscription in the U.S. The takeaway for Netflix executives may be that most of its audience is content with paying what Netflix is charging. Netflix has more than 260 million global subscribers after adding 13.1 million in the fourth quarter - the company's largest fourth quarter add ever. Depending on your subscription plan, the price hike adds up to an extra 24 or 36 you pay each year to the streaming service. That may be 12 to 15 million paying subscribers, estimated Evercore ISI analyst Mark Mahaney. The last time Netflix increased prices was in January 2022. Netflix announced earlier this month it has 23 million monthly active users on its advertising tier. Thus far, not that many people have signed up. Netflix launched its advertising tier in November 2022 as it cracked down on password sharing to give users a cheaper way to access content from the world's largest streamer. "As we invest in and improve Netflix, we'll occasionally ask our members to pay a little extra to reflect those improvements, which in turn helps drive the positive flywheel of additional investment to further improve and grow our service," the company told investors. In the U.S., subscribers to Netflix’s basic plan. Netflix posted 8.83 billion in revenue for the fourth quarter of 2023, up more than 12 year over year. and Canada, effective for new subscribers beginning on Friday. Netflix said its raising the price for its most expensive streaming service by 2 to 23 per month in the U.S. ![]() ![]() Personal Loans for 670 Credit Score or Lower Netflix has increased the price of its monthly subscription plans in the U.S. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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