Netflix subscribers, get ready for a rise in prices | Mashable

Get ready to pay just a bit more for your Netflix subscription.

The streaming video service will be raising prices on its middle and top tier plans in the U.S. starting in November. Subscribers who currently pay for the standard $9.99 service will be charged $10.99. The price of the premium tier will rise from $11.99 to $13.99.

Good news for people on the basic $7.99 plan—that price is staying put, for now.

The U.S.-only price hikes will begin to go into effect in November, varying depending on individuals’ billing cycles. Starting on Oct. 19, subscribers will be notified and given at least 30 days notice about the increase.

Netflix declined to make any executives available for interview but did release a statement regarding the price increases: “From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.”

The screenshot below highlights the different Netflix plans available and their features, along with their old prices.

Read complete article here:

Netflix subscribers, get ready for a rise in prices.