Netflix's Price Hike for Many Existing Customers Will Start in May's Billing Cycle

In an effort to fund more original content.

By
Entertainment
82,716 Hypes 23 Comments

Early this year, streaming giant Netflix announced that new subscribers and existing customers will both see a price hike for their plans. While the new rates took effect immediately after the announcement for new joiners, Netflix has now announced that existing subscribers will also be seeing a slight bump in price beginning with those whose billing cycles renew in May. Other users who have subsequent billing cycles after May will see their added costs when their subscriptions are renewed.

The smallest price change will be for the Basic plan, which will go up $1 USD per month from $7.99 USD to $8.99 USD. The Standard and Premium plans will both see a price change of $2 USD, moving up to $12.99 USD and $15.99 USD respectively. According to the streaming service, the price hikes are due to its effort in increasing the amount of quality original content for audiences. A Quartz study found that in 2018 alone, Netflix produced and added to its inventory nearly 90,000 minutes of original content — that’s almost 1,500 hours of fresh original content for customers to enjoy.

While some users of the service are understandably frustrated at the price increase, a survey last year by the Wall Street Journal actually revealed that more than 70% of Netflix subscribers felt that their experience has improved since first joining. It seems like the overall sentiment might warrant the price jump after all, at least from Netflix’s perspective.

In other things Netflix, check out the fresh trailer for Stranger Things 3: The Game.

Read Full Article

What to Read Next

AMBUSH x Nike Air Max 180 Hi "Light Bone" Set to Drop Later This Month
Footwear

AMBUSH x Nike Air Max 180 Hi "Light Bone" Set to Drop Later This Month

After much anticipation, the shoe is finally getting a global release.

Logic's Debut Novel 'Supermarket' Is Now a No. 1 New York Times Bestseller
Music

Logic's Debut Novel 'Supermarket' Is Now a No. 1 New York Times Bestseller

He’s officially the first and only rapper with a best-selling fiction title.

Patagonia Refuses to Make Vests for Wall Street
Fashion

Patagonia Refuses to Make Vests for Wall Street

“We’re in business to save our home planet.”


Kinder Introduces a Range of Ice Cream Treats
Food & Beverage

Kinder Introduces a Range of Ice Cream Treats

A new way to enjoy the Italian chocolate.

nonnative Introduces a Premium Take on the Hunter Boot
Footwear

nonnative Introduces a Premium Take on the Hunter Boot

Made in partnership with Officine Creative.

Kanye’s Coachella "Sunday Service" Will Be Held at a Mountain Campsite
Music

Kanye’s Coachella "Sunday Service" Will Be Held at a Mountain Campsite

According to co-founder Paul Tollett.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.