Netflix is about to get a little bit more expensive.
If you’re like a lot of Millennials, you probably watch a lot of video streaming. And while options have only grown in recent years with the introduction of services like Disney+, Netflix is still the industry leader. So it’s a big deal when the tech and entertainment giant raises prices.
The price hike hits new US subscribers starting today. Plans will now start at $14 per month for the standard plan and $18 per month for the premium plan. Meanwhile, the basic plan is remaining at $8.99. So there’s a silver lining.
Here are more details from The Verge:
The new pricing for the standard plan is a $1 price increase (from $13 a month), while the new premium tier cost is a $2 increase (from $16 a month). New subscribers will have to pay the updated monthly fees, while current subscribers will see the new prices over the next few weeks as they roll out with customer’s billing cycles.
[Ed. note: Emphasis added.]
As you can see, the premium plan is inching up awfully close to $20 a month. The premium plan allows you to stream on four devices at once. It also allows you to stream in 4K resolution.