https://safirsoft.com Netflix is ​​raising prices again, citing

Track price hikes for 11 years - now as part of the competitive world of 2022 streaming.

Netflix on Friday approved plans to raise the price of the North American video streaming service for the seventh time in 11 years. /r>

Unlike many previous Netflix price increases, all three subscription options have been reached this year. In the US, the "basic" tier, which is limited to 720p and includes other restrictions, is receiving its first increase in three years, jumping from $1 to $9.99 per month. Standard 1080p goes from $1.50 to $15.49 per month. And the 4K "premium" level jumps from $2 to $19.99 per month. Canadian customers can expect similar price hikes for all three tiers.

Netflix says price increases based on billing cycles are being phased out for existing customers, and all customers under 30 will receive a few days before higher rates apply. New customers should start paying higher prices immediately.

Pay more for a "Better Experience"

A Netflix representative said in a statement to various media that he offered an odd explanation. "We understand that people have more entertainment options than ever before and we are committed to providing a better experience for our members," the statement said. "We're updating our pricing so we can continue to offer a wide range of high-quality entertainment options. As always, we offer a wide range of designs so members can choose the price that fits their budget." (Ars Technica asked Netflix representatives questions about the ad but did not receive an immediate response.)

This reminder reminds customers of the growing choice of affordable North American streaming options. By the time of release, the following popular streaming services will cost $10.49 a month less than Netflix's "standard" 1080p level: Amazon Prime Video, Apple TV Plus, Disney Plus, HBO Max, Hulu, Paramount Plus, and Peacock. Almost all of them have 4K viewing options by default (Peacock remains an exception to 4K on this list), and his films were upbeat. serials and signing major contracts with famous content producers. In its biggest licensing deal in 2021, Netflix secured the exclusive five-year distribution rights to Seinfeld at a cost of more than $790 million. This happens when other players open their pocketbooks to close their exclusive licensed movie and TV libraries.

Reading more Netflix games with League of Legends amazing showing seems to be legal. On Friday, the company took down Netflix. Another unique selling point: a growing and exclusive game library for iOS and Android devices. So far, Netflix has entered the market with only a series of smartphones dedicated to simple and family-friendly gaming, all free of micro-transactions and ads. Depending on the customer, this is no small selling point, as it provides families with a simple source of ad-free games that children can easily access. None of the other streaming services listed offer anything similar, except for the Apple One — a bundle that combines Apple TV, Apple Arcade, and other services starting at $14.99 a month, which is below Netflix's current "standard" tier.

A Quick Look at Netflix's Price Increase History

Netflix is ​​in a position to gauge the pros and cons of price hikes at any given time, given the amount of data it has already collected about subscriber outflows. The streaming service's first real "upgrade" after each previous increase came in 2011, when Netflix ceased offering a range of physical DVD rentals and streaming access to US subscribers for $9.99. Instead, customers at the time were told they could access each service individually for $7.99 per piece. (Physical DVD and Blu-ray rentals are still available to Netflix users in the US for $9.99 per month or $14.99 per month.)

Netflix delivered in the years since the split. A combination of new levels and price increases at these levels, with its "premium" plan in 2013 at $11.99 a month and its "basic" plan as a less loyal option in 2014 - around the same time as the "standard" appeared. The plan has increased to $8.99 per month. Ars Technica previously covered Netflix price increases in 2017 and 2019 (but not in 2015), and published a report on a decline in Netflix subscribers in 2021, which may be due to price increases in 2020, and the current consumption pattern in there is a change in time of the pandemic. Temporary decline in current competition or other factors.



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