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The cost of Netflix's standard plan is currently $15.49 a month in the U.S. with its premium plan reaching as much as $19.99 a month — one of the most expensive ad-free subscriptions on the market.
Netflix also continues to face competition from Amazon, which acquired James Bond studio MGM last month in an 8.5 billion dollar (£6.5 billion) deal to build a library of content for subscribers.
Netflix said it's increasing the prices on its subscription plans starting today. Here are the new prices. ... an extra member will now cost $8.99, up from $7.99 ... doubled to $1.9 billion ...
For more than 200 million subscribers, Netflix is worth it. Its impressive catalog is curated on a user-friendly platform. Consider these factors before joining.
Netflix is a subscription streaming service owned by the American company Netflix, Inc. Launched on August 29, 1997, it initially offered DVD rental and sale by mail, but the sales were eliminated within a year to focus on the DVD rental business. In 2007, the company began transitioning to its current subscription streaming model.
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The cost of the company's HD streaming plan will increase by £1 to £8.99, while the premium subscription that supports 4K video and additional simultaneous streams will increase by £2 to £11.99.
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