Source:Africapublicity
Netflix is indeed raising its subscription prices in the US, Canada, Argentina, and Portugal, following a remarkable gain of nearly 19 million subscribers in 2024. This brings their total global subscriber base to over 300 million .
The price hikes will affect various plans, including the standard ad-free plan, which will now cost $17.99 per month in the US, up from $15.49. The ad-supported plan will also see a price increase of one dollar, bringing it to $7.99 .
According to Netflix, the price increase is necessary to support ongoing investments in content and improve the platform’s value. The company has had a standout year, with popular titles like “Squid Game” and live events like the Jake Paul vs. Mike Tyson boxing match contributing to its success .
Here’s a breakdown of the new prices:
– Premium Plan*: $25 per month (up from $23)
– Standard Plan*: $18 per month (up from $15.49)
– Ad-Supported Plan*: $8 per month (up from $7)
It’s worth noting that Netflix has not announced any price increases for the UK market, with a representative stating that there’s “nothing to share” on the matter .
