Current subscribers will be notified of the change in pricing starting October 19, and they will have 30 days to choose to keep their existing plan, change to another plan, or cancel their subscription. The revised pricing for new customers is effective immediately, after a one-month free trial. At the end of the second quarter, Netflix had nearly 104 million members, including 51.9 million U.S. The price increases could affect millions of Netflix’s 52 million U.S. The basic plan, which lets subscribers watch on only one screen at a time in standard definition, will remain at $7.99 a month. Its premium plan, where subscribers can watch streaming video on four screens and in high definition or ultra high definition, will go up $2 a month to $13.99.

The company’s standard streaming plan, which lets subscribers watch TV and movies on two screens and in high definition, is increasing by $1 a month to $10.99. Speaking about the rise, Nick Baker, streaming and TV expert at, said: “Netflix has been a lifeline for many people during lockdown, so this price rise is an unwanted extra expense for households feeling the financial pressure.Netflix (NASDAQ: NFLX) announced it was raising prices on two of its three subscription plans last Thursday. The premium service allows streaming on up to four screens at once, as well as offering 4K streaming and downloading to four phones or tablets. If people cancel midway through their billing cycle, theyll be able to carry on using your account until the next billing date.Ī standard Netflix subscription allows users HD streaming on two devices simultaneously, with the ability to download to two phones or tablets. Those who started a subscription from 10 December 2020 have already been charged the higher rate.Īll Netflix plans can be cancelled at any time penalty-free, or moved to a basic package, which allows users to watch movies and TV shows in standard definition on one device only and download to one mobile or tablet. Current members will be notified by email 30 days before their price change takes effect.” On its website, Netflix said: “These prices apply for new members and will gradually take effect for all current members.