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Netflix is officially raising its U.S. prices by 13% – 18%, the largest annual increase since the company launched its streaming service 12 years ago. Its most popular standard plan, which offers high-definition streaming on up to two different internet-connected devices simultaneously, will see the biggest hike, from $11 to $13 per month. The extra revenue will go towards Netflix’s large investment in original shows and films. Read more for a video of the most anticipated Netflix originals of 2019 and additional information.
Netflix previously offered a basic, $8-a-month streaming plan while raising rates on more comprehensive plans with better video quality and options to watch simultaneously on different devices. Now, the lowest-priced plan is being hiked to $9 per month. while a premium plan offering ultra-high definition heads to $16 per month from $14.
“The new prices will immediately affect all new subscribers and then roll out to existing customers during the next three months. Customers in about 40 Latin America countries where Netflix bills in U.S. currency will also be affected, excepting key international markets such as Mexico and Brazil,” reports Market Watch.