Daily Crunch: Netflix hikes prices for U.S. subscribers
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For the most popular plan (which includes high-definition streaming for up to two devices simultaneously), the price will increase from $10.99 to $12.99 per month. Meanwhile, the one-device plan will go up to $8.99 per month, while the four-device plan goes to $15.99.
It seemed inevitable that Netflix would have to raise prices to fund its continually growing bill for original content. At the same time, companies like Disney, AT&T/WarnerMedia and NBCUniversal all plan to launch competing services, which probably means they’ll be less interested in licensing their content to Netflix, and will charge a heftier fee when they do.
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