Netflix raises monthly subscription prices in US, Canada

Netflix raises monthly subscription prices in US, Canada

January 18, 2022   05:16 pm

Netflix has raised its monthly subscription price by $1 to $2 per month in the United States depending on the plan, the company said on Friday, to help pay for new programming to compete in the crowded streaming TV market.

The standard plan, which allows for two simultaneous streams, now costs $15.49 per month, up from $13.99, in the United States.

Prices also rose in Canada, where the standard plan climbed to C$16.49 from C$14.99.

"We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members," a Netflix spokesperson said.

"We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget," the spokesperson added.

The world’s largest streaming service is facing the most competition ever from companies looking to attract viewers to online entertainment. Walt Disney Co, AT&T Inc’s WarnerMedia, Amazon and Apple Inc are among the rivals pouring billions into new programming.

Source: Reuters

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Rapid renewable energy generation plan launched from June (English)

Rapid renewable energy generation plan launched from June (English)

Energy Minister gives assurance on fuel supply (English)

PM Ranil thanks India for support amid difficult period (English)

France donates medicines worth nearly Rs. 115 Mn to Sri Lanka (English)

Massive protest march to mark 50th day of 'GotaGoGama'

Energy Minister gives assurance on fuel supply

Paddy prices will increase to unprecedented levels Agri. Minister

CBSL governor stresses on export-oriented economy to resolve ongoing crisis