Netflix and Goldman Sachs Earnings Outlook for the Week ahead

Streaming giant Netflix has announced a price increase for all three of its subscription tiers in the United States. The Basic plan, which allows for streaming on one device at a time and does not include high definition, will now cost $9.99 per month, up from $8.99. The Standard plan, which includes high definition streaming on two devices simultaneously, will now cost $15.49 per month, up from $13.99. The Premium plan, which includes ultra high definition streaming on up to four devices at once, will now cost $18.99 per month, up from $17.99.

This price increase marks the first time that Netflix has raised its subscription fees since October 2020. The new prices will take effect for existing subscribers in the coming weeks, while new subscribers will see the updated prices immediately. Netflix has stated that the price increase is necessary to continue investing in new content and improving the overall user experience.

While some subscribers may be disappointed by the price hike, it’s important to note that Netflix still offers a wide range of popular TV shows and movies, as well as a growing library of original content. For many viewers, the increased cost may be worth it for the convenience and variety that Netflix provides.

If you’re a Netflix subscriber, be sure to keep an eye out for an email notification about the price increase. And if you’re considering signing up for a new subscription, take the updated prices into account when making your decision. And remember, you can always cancel your subscription at any time if you decide that the cost is no longer worth it for you.