Netflix is raising its subscription prices in November, According to a Mashable report, the streaming video service will be raising prices on its middle and top tier plans in the U.S. Subscribers who currently pay for the standard $9.99 service will be charged $10.99. The standard allows subscribers to watch on two screens at once. The price of the premium tier, which is available in Ultra HD and allows users to watch on up to four screens, will rise from $11.99 to $13.99.
Thankfully, the basic tier of $7.99, will witness no change.
According to Netflix, “From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.”
In the last published report, total membership stands at 103.95 million. The US market accounts for 51.92 million subscribers while curiously the international market (outside US) accounts for more subscribers, with 52.03 million.
Netflix hasn’t announced a major change in pricing since 2014.
