Recently, according to media reports, the famous streaming platform Netflix announced that it will increase the subscription price of members in North America.
New users will increase the subscription price paid immediately, while existing users will have a “gradual” increase in subscription price.
The new monthly fee is as follows: Basic membership is $9.99, which does not support HD streaming; Standard membership is $15.5 per month; 4K Premium membership is $20 per month.
It is understood that the first price increase for Netflix members was in 2014. Since then, Netflix has raised prices by $1 or $2 almost every two years.
Netflix said the price adjustments were made in order to continue to offer a wide range of high-quality entertainment content.
Membership standards with multiple grades are set, and members can choose the most suitable version according to their budget.
It is reported that Netflix currently has more than 210 million users worldwide, with more than 74 million users in North America alone.
