Netflix has good news for you: it just reached 300 million subscribers! And, yes, they will also charge you even more again.
Remember how part of the reason streaming services like Netflix took off was because they offered all the shows you’d watch anyway, at a fraction of the price of cable? Honestly, some of you may be too young to do it, but it’s true, streamers didn’t used to rip you off that much. But here we are, with the latest earnings report from Netflix, which notably shared that it has reached 300 million subscribers worldwide, the highest number it has ever reached. I’m sure this makes shareholders happy, but even with this continued growth, Netflix also announced that it will be raising the cost of several of its plans for the umpteenth time, which, honestly, is getting a little boring now.
“As we continue to invest in programming and provide more value to our members, we will occasionally ask them to pay a little more so we can reinvest and make Netflix even better,” the company’s letter to investors explains. What this means for you, the US resident, is that the ad-supported tier will increase from $6.99 to $7.99 per month, the standard ad-free tier will increase from $15.49 to $17.99, And perhaps most egregiously, In short, the most expensive premium tier will increase from $22.99 to $24.99. Those numbers add up from month to month! It’s also worth noting that Canada, Portugal and Argentina will also see price increases, but other territories seem safe for now.
It’s obviously a bit obscene that Netflix is raising its prices again, and I’m sure we can eventually expect the same in other territories, but I guess if you’re particularly desperate to see how Squid game ends, there’s not exactly much you can do. do.
