Netflix has increased the price of its standard plan by $1 per month for all new users in American region. This $8.99 plan was most popular plan of Netflix that allows customers to stream HD videos on two devices at the same time. Now this plan will cost $9.99 per month for new customers in US, Latin America and Canada.
This price hike news was first reported by Bloomberg. The Netflix said that the increase in price will allow the company to add some new and original content to the plan. This price hike will not affect the existing customers, as they will get grace period before price hike for their plan.
The Netflix spokesperson said in a statement, “To continue adding more TV shows and movies including many Netflix original titles, we are modestly raising the price for some new members in the U.S., Canada, and Latin America, as a thank you to existing Netflix members—who aren’t already benefiting from a previous price guarantee—we will maintain their current price for a year.”
The price of one device and four device plan has not been changed. Netflix charges $11.99 per month for streaming 4K Ultra HD videos for four devices and $7.99 per month for streaming standard definition videos on one device.