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Netflix to hike its standard monthly plan in US

Streaming giant Netflix has climbed month to month charges for its most mainstream standard plan for customers in the United States.

The organization has declared an addition of almost 8 percent to their most well known package, which is currently estimated at $13.99 every month from $12.99. Also, Netflix’s top notch level (with four streams and including 4K Ultra HD content) is going up by $2, from $15.99 monthly to $17.99 for US customers. The price of the basic plan (with a solitary non-HD stream) will stay at $8.99 month to month.

The new subscribers in the US, who signed up Netflix’s standard or premium plans as of October 29, will pay the higher rates immediately.

However, the current subscribers will see a delay in the new pricing, as indicated by a company representative.

Members will be notified through email and will likewise get a notification inside the Netflix application 30 days ahead of their price increment. The details will be founded on the particular member’s charging cycle, Netflix informed.

In 2020, during the COVID-19 pandemic Netflix reported “revenue for the quarter ending March 31, 2020 was $5.768B, a 27.58% increase year-over-year.”

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