To be fair, they certainly do make a lot of original content.
The price for a Netflix subscription just got a whole lot more expensive.
On Tuesday, Netflix announced that they’d be raising their monthly subscription fee by a whole 6%, which is the largest price hike the streaming service has ever had.
Now, it costs $13 per month instead of $11 to access their HD streaming on up to two Internet-connected devices at the same time.
The single subscription price has also raised from $8 to $9 per month, while the four-subscriber plan is going from $14 to $16 per month.
This change in price has already set in for any new Netflix subscribers, while their current customers will see the increase scattered out over the coming months.
The reasoning for this price hike, really, is anybody’s guess.
A Netflix spokesperson told The Hollywood Reporter that “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members.”
That’s really dodging the question, if you ask me.
To be fair, Netflix’s bills certainly must be high as their producing all kinds of original content each month. Movies and shows like Daredevil, The Haunting of Hill House, Bird Box and even the upcoming FYRE: The Greatest Party That Never Happened documentary (which I am oh so very excited for) can’t be cheap to make.
All things considered, a two dollar bump in price isn’t the end of the world, either. Prices for gas and groceries change every other day, and as streaming services become more and more a part of our everyday lives, it kind of makes sense that they would too.
Transparency, in this case, might be helpful though, as Netflix’s statement certainly doesn’t help ease anyone’s concerns as to whether or not the price could raise yet again in the future. Considering that and the fact that Netflix very rarely releases any kind of numbers or earnings to how many people are watching their original content and we have this mega-popular company who is acting like they have secrets to keep.
The other obvious thing on everyone’s mind is the competing streaming services. While Netflix has managed to stay top-dog when it comes to things like Hulu and Amazon, they’ll have some heavier competition this year when Disney and WarnerMedia release their own services with exclusive content.
Prices for those streaming services have not yet been announced.
So, it’s not great news and only further points to the fact that streaming services are destroying the industry (I promise to someday write a giant op-ed as to why, exactly, that is), but the good news is that, even with these changes, Netflix is still producing a whole bunch of exciting content like Season Two of The Punisher and Season Three of Stranger Things.
Even just today I saw a few Netflix trailers for some smaller, underground movies like Paddleton, which certainly won’t attract a wide audience but still looks pretty damn good to me.
In the end, we just love our content and don’t want to see Netflix pull a Filmstruck and be ripped away from us. So, yes, we’re still going to be paying for it for the time being, even with the new prices.
What do you think of the news? Are you worried Netflix will raise rates in the future? Are you going to subscribe to the Disney service once it’s released? Let us know in the comments below!