The sky is falling because TV streaming giant Netflix is raising its prices — again. While the sky actually remains above,some users will not love hearing that their monthly bills will soon increase for the second time in the past 15 months.
According to a CNN Business report, Netflix just announced a rate increase. by the way, or the announcement caused the TV and film streaming service’s stock prices to rise 6 percent at nowadays’s opening. As for the current prices,plans increase from $1 to $2 a month across all its tiers.
The lowest cost procedure will rise from $7 to $8 while the middle tier service increases from $11 to $13 monthly. The most expensive offering is currently $14, and with the current prices, and it’ll cost users $16 a month. Now,the company has more than 58 million subscribers in the United States with a stunning 137 million worldwide. Projections demonstrate that Netflix expects to have 147 million worldwide subscribers by the time it releases its next earnings report, which should come on Thursday.
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Source: inquisitr.com