Everything you’ll ever need to know about Netflix pricing.
In terms of Netflix pricing, the bad news is that price increases and rises seem to be unavoidable. As one of the top streaming services, it’s expected that there are some drawbacks to the big red streaming monster.
Subscribers will continue to foot the tab as long as the firm continues to pour money into its ever-expanding collection of Netflix Originals. Netflix is currently experimenting with a new pricing model that charges $2.99 per additional subscriber outside of your home. As one of our favourite Netflix tips for getting the most out of your subscription fee, this measure aims to reduce the practise of account sharing.
Most people will continue to pay for Netflix since we’re at a time when it appears many people are hungry for more content. During this time, Netflix’s recent price increase for new customers will take effect in January 2022, and it will shortly be implemented for current subscribers. Netflix’s price hike isn’t the only one in recent memory, as we’ll explain below.
In other words, let’s take a closer look at the new prices, how much they’ve increased from last year’s prices, and what you’re getting for your money.
|Netflix plan||Current price||Former price|
|Basic||$9.99 per month||$8.99 per month|
|Standard||$15.49 per month||$13.99 per month|
|Premium||$19.99 per month||$17.99 per month|
As of the 14th of January 2022, Netflix has announced a new pricing hike of $0.99 per month. Existing Netflix users may not have gotten the new price yet, as a Netflix spokeswoman told The Hollywood Reporter that the new pricing would be rolled out to them “over the following weeks,” with 30 days’ notice. In order to get the most out of your Netflix subscription, have a look at our Netflix money-saving tips and techniques.
In October of 2020, Netflix announced an increase of $1-2 above the price stated in January of that year.
What you get for your money when you subscribe to Netflix at various pricing levels
A standard Netflix subscription costs $15.49 a month and allows you to watch two streams at the same time in up to Full HD (1080p). There are two main reasons why this is the most prefered option. If you’re looking to get your hands on a 4K TV or 4K content, you’ll have to be patient. The Premium plan’s four simultaneous streams and 4K HDR resolution may not be needed by everyone.
|Netflix plan||Price||Picture quality||Simultaneous streams|
|Basic||$9.99 per month||SD (up to 480p)||1|
|Standard||$15.49 per month||Up to 1080p||Up to 2 streams|
|Premium||$19.99 per month||Up to 4K UHD||Up to 4 streams|
Because users have educated their eyes on the difference between SD (480p) and Full HD (720p), the $9.99 per month Basic plan may not be as popular (1080p).
There is a history of Netflix pricing rises:
There was a time when Netflix’s premium tier was quite consistent, but since 2017, the price of each $2 increase has been steadily increasing. Most monthly price increases have been $1, with the exception of the $2 rise in 2019 and the $1.50 increase in 2022.
Because Netflix understands that its more economical members tend to be less tolerant of price rises, while those who spend the most are more financially secure.
We’ve seen a variety of pricing hikes from Netflix over the years, and the most recent rise was one of the smallest at 15 months (the same gap between its 2017 and 2019 increases).
Forecast for Netflix’s shares
We don’t foresee a Netflix price hike until the autumn of 2023, based on past experience. Netflix’s games may become more valuable if the company believes it can charge a premium for them. For the time being, it appears that Netflix pricing will remain stable for the time being.