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Netflix Raising Prices As College Students Start New Semester


Netflix is raising prices of its subscription again. 

It is the 4th time the streaming service has raised its prices since its service began 12 years ago.

The last time Netflix increased their prices was in October of 2017, which then raised its stock up by 3 percent. A trend that is expected to repeat itself.

Its cheapest plan will rise up from $7.99 to $8.99 and its premium plan will go up $2 from $13.99 to $15.99.  its most popular subscription option, which offers HD viewing on two screens, will jump from $10.99 to $12.99.


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How will this affect you?

Well, new subscribers to Netflix will be impacted by the change immediately. While Already existing subscribers will be gradually introduced to the change.

Netflix will notify its existing users through email 30 days prior to increasing their subscription fee.

Users in some countries outside the U.S. like Latin America and the Caribbean will also be affected, but other major markets like Mexico and Brazil won’t.

Traditionally, Netflix’s increase in its prices never impacted its subscriber count and has usually helped bump up its stock.

We all love Netflix and are guilty for binge watching our favorite shows for the low price that Netflix offers. So it is natural to not like the idea of an increase on your monthly payment.

But understand that for Netflix its not just a money grab tactic.

The rise in its price will help pay for the original movies and shows featured on the site that a good amount of its consumer base has fallen in love with.  

The money will also make it possible for more original shows to be featured on the site.

It is also going to be used to finance some of the debt that the service gained from competing with other streaming services.

It has faced increasing pressure to remain the top streaming service against the likes of Amazon, Disney, Apple, Hulu, and HBO.

This increase is also likely to help the company pay of some of its debt.  Which has been reported to be more than $8 billion dollars in 2018.

For more information, check out this article from NPR.


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