Netflix: Attention! subscription will rise in price from May

He made the news official that many feared. The streaming giant, Netflix , justified the rise because it needs funds to produce more original content.

They make us suffer. The mass medium of online streaming, Netflix confirmed the price increase in subscriptions since May. Although the news spread like a rumor in January, many users did not believe the day would come.

The announcement was made official this week, where the millions of subscribers were informed that the new costs would come into effect in May, although the increases have been given to new users who obtained service in recent months.

The price increase will be for users in the United States and Latin America, where it is also charged in US dollars.

New Netflix prices
– The basic plan rises from $8 to $9 per month

– The standard package, which offers HD on two devices at the same time, goes from $11 to $13.

– Finally, the premium plan, which provides UHD on four devices simultaneously, leaves $14 per month to cost $16.

The reasons Netflix
The streaming giant said that the rise in prices is because they want to help pay for the prices of their original new productions. Series and movies like Black Mirror, Stranger Things and The Irishman are not cheap.

Besides, Netflix’s policy of only having original content in its library is reflected with the withdrawal of another programming such as Friends and Law and Order.

The company had expenses in 2018 of almost $12 billion, and it is forecast that the figure will increase this year to $15 billion.

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