![]() ![]() Information about how much revenue Netflix earned during the quarter came from its financial disclosure report filed with the U.S. ![]() The Desk used information in the letter to produce a list of new prices for Netflix’s various service tiers in three countries. Information about Netflix’s new pricing structure was obtained by viewing the company’s Letter to Shareholders, which was published as part of Netflix’s quarterly earnings report on Wednesday. The number of customers willing to pay for Netflix increased in all regions, even as Netflix implemented a broader crackdown on password-sharing and eliminated lower-priced, ad-free plans in places like the United States and Canada. Prices will vary but the cheapest one is set to cost you £4. Standard with ads: no change remains at £4.99 a month. A NETFLIX subscription lets you watch smash-hit shows like Stranger Things along with thousands of movies and docs. Netflix said at the time that the price change reflected the additional. Basic (ad-free): monthly price is rising by £1 (14) to £7.99 a month or £12 extra a year at £95.88. Basic remained the same at £5.99/8 while Standard and Premium soared to £7.99/10.99 and £9.99/13.99 respectively. The price hikes were announced the same day Netflix revealed it brought in $8.54 billion in revenue from nearly 247.2 million global paying subscribers. Here’s a quick guide to exactly how Netflix prices are changing: Premium: monthly cost is rising by £2 (12.5) to £17.99 a month or by £24 over 12 months to £215.88. The new prices announced today are: Netflix (United States) As in the United States, the cost of Netflix with Ads and the Standard plan will remain unchanged for British and French subscribers, but the price for Basic and Premium will increase by a few British pounds or Euros, depending on the country. Prices are also going up for Netflix subscribers in the United Kingdom and France, with comparable adjustments based on a user’s plan. ![]() It said the starting price for its Netflix with Ads tier was “much less than the average price of a single movie ticket.” The price of its ad-supported plan, called “Netflix with Ads,” will remain unchanged at $7 per month, Netflix said, while its “Standard” plan will also hold steady at $15.50 per month.Įxecutives said the new pricing structure was intended to help the company remain “extremely competitive with other streamers,” though it did not call out any by name. Netflix stopped offering its Basic plan in July, meaning the change in price for that tier of service will only affect customers who are “grandfathered” in to that plan. As part of the streamer’s third quarter earnings results, Netflix announced that starting today, users on its 9.99 per month Basic plan will now have to pay 11.99, and those paying 19.99 per. In a letter to shareholders released as part of its third quarter financial report, Netflix executives said the price of its now-discontinued “Basic” plan will increase to $12 per month, while the cost of its fully-loaded “Premium” plan will go up to $23 per month. Netflix is raising the price of its streaming video service. (Stock image via Pixabay, Graphic by The Desk) Netflix’s large library of TV shows like fantasy series “The Witcher” and movies such as “Red Notice” has helped attract more consumers to its platform.A smart television set running the Netflix application. Netflix will release its earnings results Jan. If you’ve upgraded your Netflix on Us (e.g., to Standard or Premium), you will see Netflix’ price change reflected on your T-Mobile bill starting as their changes go into effect. An average of analyst estimates compiled by FactSet predicts the streamer will add 8.4 million new global subscribers in the fourth quarter compared with Netflix’s forecast of 8.5 million. Still, some analysts are anticipating Netflix that will miss its internal subscriber projections for the fourth quarter. In the third quarter, there were 213.56 million global subscribers to the streaming service, up 9% compared with a year ago. Netflix has raised prices for the second time in just over a year, taking the price of its most expensive subscription to almost £16 a month. That momentum has continued thanks to hit shows like “Squid Game,” the acclaimed South Korean survival drama. Movies After 25 years, Netflix will end its DVD-by-mail service. But as Disney, Apple and others enter the streaming business, Netflix faces the biggest challenge in its history. Netflix said out-of-household users should have begun receiving emails about the change Tuesday. The company that defined the concept of binge watching has continued to reinvent itself. Company Town Why Netflix isn’t worried about the streaming wars ![]()
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