Minnesota and Wisconsin Netflix users, get ready to adjust your budgets. The streaming giant, which boasts 282 million subscribers worldwide, has announced a new price hike for its subscription plans across the U.S. and Canada.
What Are the New Prices?
Netflix’s updated subscription costs will affect most tiers:
- Standard Plan (No Ads): Increases from $15.49/month to $17.99/month.
- Standard Plan (With Ads): Increases from $6.99/month to $7.99/month.
- Premium Plan (4K Quality): Increases from $22.99/month to $24.99/month.
When Will the Price Increase Begin?
According to reports, the updated pricing will take effect starting with your next billing cycle in early 2025.
Why the Hike?
Netflix, which reported a net income of $2.36 billion in Q3 2024 and gained 19 million subscribers in Q4, cites the rising costs of content production and platform improvements as reasons for the increase. This follows a similar price adjustment made in October 2023.
What This Means for Subscribers
While Netflix remains one of the most popular streaming platforms, this price hike may push some users to reevaluate their subscriptions.
However, fans of hit shows and original movies may find the additional cost worth it.
Stay tuned for the official email from Netflix detailing these changes if you haven’t already received it.
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