Millions of customers will now pay more for Netflix—here’s how much

Enlarge / Netflix company headquarters in Los Gatos, California. (credit: David Paul Morris/Bloomberg via Getty Images)
Another round of Netflix price hikes is upon us. According to a report from The Wall Street Journal, Netflix will increase the prices of all of its subscription plans, effective immediately, for all new customers. Existing customers will see their rates increase over the next three months.
Netflix's most popular plan, which lets users stream HD content on two screens simultaneously, will now cost $13 per month. That's an 18-percent increase from its previous $11 monthly price. Netflix's premium plan, which includes HD and UHD streaming on up to four screens simultaneously, will now cost $16, up from $14 monthly. The most affordable Netflix option, the 'basic' plan, increases by $1, from $8 per month to $9.
Netflix last increased its prices at the end of 2017, but only its standard and premium plans were affected. This time around, all three plans will cost more, resulting in a price hike that affects all US Netflix users. According to the report, the rate increase will allow Netflix 'more flexibility to continue its aggressive spending on content.'
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