There is no specific word yet on when Netflix will raise prices. The standard plan - which lets users view. The basic plan, which had been 7.99 a month, will now cost 8.99. Ad-free Disney+ streaming will soon be $13.99 per month, and ad-free Hulu is going to be $17.99 per month following price hikes set to go live this month. Netflix has announced major price rises, effective immediately in Ireland. subscribers last quarter, pushing the cost up to 10 per month for its cheapest plan, 15.50 per month for HD streaming, and 20 per month for 4K video. Multiple streaming services have been raising their prices this year. The company has also ended all multi-household sharing, so Netflix users must reside in the same location to share a Netflix plan, otherwise there is an additional cost for another member slot. Netflix has since eliminated the Basic plan and added a Standard with ads plan that is priced at $6.99 per month. The streaming giant is planning to disclose. Netflix last hiked up its prices in October 2020 by 1 to 2, depending on the subscription tier. Netflix last raised prices at the beginning of 2022, charging $9.99 per month for the Basic plan, $15.49 per month for the Standard plan, and $19.99 per month for the Premium plan. The price hikes are the first since October 2020. Prices will go up in the United States and Canada first, and it is not yet clear how much more Netflix will charge. Alongside these impressive financial figures, Netflix expanded its subscriber base by 8.8 million users.Netflix plans to increase the price of its ad-free subscription plans a few months after the end of the Hollywood actors strike, reports The Wall Street Journal. For viewers in the US, the premium plan will cost 3. These initiatives have contributed to the company's financial success, as evidenced by its third-quarter earnings report where the company's net profit experienced significant growth, rising by 20% to reach $1.68 billion. It reflects the firms growing confidence, after adding 8.8 million subscribers from July to September. From today, new subscribers will pay an extra. Affiliate Disclosure Long-term Netflix subscribers know that price hikes are nothing new. In addition to raising subscription prices, Netflix has implemented various strategies to boost its revenue, such as clamping down on password sharing and introducing an ad-supported streaming option. Get ready for another Netflix price hike, because the streaming giant is once again asking Aussies to pay more for its Standard and Premium tiers. Also Read | Netflix set to stream first live sports event with 'The Netflix Cup' golf tournamentĭespite these changes, Netflix remains optimistic about its future growth, targeting not only new users but also former subscribers. Netflix Co-CEO Greg Peters emphasized the company’s commitment to providing top-notch content, stating, “We anticipate incremental acquisition and adds for the next several quarters.” The price hikes coincide with Netflix’s ongoing efforts to crack down on password sharing, a move aimed at converting freeloaders into paying subscribers. The changes come as Netflix continues to expand its offerings, including a new advertising tier, which has seen a significant increase in membership. Standard plans will be raised to 17.99 pounds and 19.99 euros in these countries. and France, the basic plan will now cost 7.99 pounds and 10.99 euros, respectively. Netflix subscribers can expect more price hikes as the company looks to grow revenue in 2024. Discover the thrill of cricket like never before, exclusively on HT.
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