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Netflix raises subscription prices across all plans [FOX Business Network]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Updated pricing listed on the company's U.S. website shows the ad-supported tier at $8.99 per month, up from $7.99, while the standard plan is priced at $19.99 and the premium tier at $26.99. Fees to add members outside a subscriber's household have also increased, with extra members costing $7.99 per month on ad-supported plans and $9.99 on ad-free tiers. Netflix says accounts are intended for use within a single household, with added charges for users who do not live together. Netflix, which has more than 325 million subscribers globally, previously eliminated its lowest-priced ad-free "basic" plan, leaving customers to choose between higher-priced tiers or an ad-supported option. FOX Business reached out to Netflix for comment. The pricing changes were first reported by Reuters, which said the increases come as Netflix expands into additional content formats, including video podcasts and live programming. Analysts expect the higher prices to boost how much Netflix earns
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