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The company announced during its quarterly earnings call on Tuesday that it will charge customers an added monthly fee to people who share their login credentials beginning in early 2023.
The Basic subscription plan costs approximately $9.99, but the new and less expensive, ad-supported tier will only cost users $6.99 per month. More From GOBankingRates 10 Most Expensive Vinyl Records
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The popular streaming service will proceed with plans to hike prices in an effort to expand its content.
Netflix cracked down on password sharing in May, and the company recently increased prices after gaining millions of new subscribers. ... Netflix Raises Rates Again Amid Subscription Fatigue ...
Now, Netflix users on the standard plan can add one member outside the house and premium Netflix subscribers can add two. Each of those costs an additional $7.99 per month.
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Netflix did not raise its streaming prices in the US, but analysts anticipate a price hike to come by the end of the year. ... isn't planning on hiking its US subscription prices just yet ...