Netflix is raising prices on standard and premium subscriptions

Netflix is raising its prices for US subscribers

Most of the subscriber growth came from outside the USA, where Netflix has invested heavily in establishing itself as a global television service.

The streaming service is about to hike up their prices for two out of three of their plans, effective next month.

Its most useful subscription plan will see an even larger increase in its price.

"This timing coincides with what we expect will be a strong fourth quarter of 2017 content slate, which could help minimize churn", Doug Mitchelson, an analyst at UBS, said in a note to clients.

Existing customers will be notified of the new prices beginning October 19, and they will have 30 days to decide whether to keep their current plan, change their subscription or cancel their account, Netflix said in a statement. In the past, Netflix staggered the price increases when they raised prices from $7.99 for all standard and premium customers beginning in 2015. The company will spend an impressive $6 billion on in-house projects in 2018, according to chief content officer Ted Sarandos. That represents a 10 percent increase.

White House chief's personal phone 'compromised'
White House officials told Politico it's still unclear when or where Kelly's phone was hacked and what if any data swiped. And he has claimed that he has seldom used the compromised personal phone since taking a job in the White House.

BJP holds 'Jana Raksha Yatra' in Jammu against 'atrocities' in Kerala
"This, in itself, shows the inability of the BJP-RSS combine to counter the CPI (M) and the Left politically in Kerala ". Opposition leader Ramesh Chennithala of Congress said, "The Yatra now resembles a funeral procession".

New Uber boss to hold crunch talks with TfL in licence dispute
Uber will also adopt a policy of one share, one vote, the people said. Kalanick held such shares, giving him outsize power on the board.

Pachter thinks Netflix's price increases would be more likely to dissuade potential new subscribers, and that Amazon and Hulu may draw those customers to their services instead.

The company remained committed to investing in original programming, saying it will release 40 feature productions this year ranging from "big-budget popcorn films to grassroots independent cinema".

So, if you want to avoid the price hike, don't mind watching in standard definition and don't have other people on the same account who want to watch at the same time, here's how you change your subscription plan. The lowest price-point plan will not change.

The Standard Plan, which is the most common, will increase from $9.99 to $10.99 per month. This time around, subscribers are only getting a few weeks' notice, and Netflix will be rapidly increasing its revenue. That's not where the price increase ends, though.

Related news:

Hot News

isis-killer-beheading-video-story-top Nadal breezes through to quarters at China Open
Oct 08, 2017 - 01:07
Nadal is bidding to finish the year at the top of the rankings and his performances this year have been praised by Miles Maclagan. But Kyrgios showed his best side for a Beijing crowd that lapped up his fearsome shot-making and showmanship.

isis-killer-beheading-video-story-top GST Council Meeting Brings Relief For Exporters, Small Business
Oct 08, 2017 - 01:05
As per the new announcements, a panel is reviewing the 18% GST tax rate on AC restaurants to bring it down to 12 %. Jaitley said input tax credit for exporters for July and August, estimated at $10 billion, would be refunded soon.

isis-killer-beheading-video-story-top Australia captain Steve Smith to miss India T20s through injury
Oct 08, 2017 - 01:05
On the other hand, India will look to continue their dominance after a thumping win over Australia in the ODI series . The squad has five new faces in Moises Henriques, Tim Paine, Jason Behrendoff, Andrew Tye and Daniel Christian.

isis-killer-beheading-video-story-top England 'giving everything they've got', says Southgate
Oct 08, 2017 - 01:02
Plenty of people were surprised to see Joe Hart's name on the England team sheet to face Slovenia on Thursday evening. He can put the ball through the eye of a needle in the tight matches we'll encounter in Russian Federation .

isis-killer-beheading-video-story-top Secessionists Can't Speak for All Catalans in Clash With Spain
Oct 07, 2017 - 00:48
Mr Puigdemont must return to the path of law before any negotiation could take place, it said said in a statement (in Spanish ). King Felipe made his own TV address on Tuesday night, calling Sunday's Catalan referendum illegal and undemocratic.

isis-killer-beheading-video-story-top Apple Investigating Reports Of 'Serious Battery Failure' On iPhone 8 Plus
Oct 07, 2017 - 00:45
The Tame Apple Press is trying to reassure them that Apple fans are waiting for the premium iPhone X due out in early November. Though the cause is unconfirmed for now, it is believed that swelling of the battery is forcing the handset to split open.

isis-killer-beheading-video-story-top NBC5 Forecast: Still warm through the weekend
Oct 07, 2017 - 00:43
Meanwhile, a cold front will bring additional chances for rain on Friday night into Saturday morning, forecasters said. Westerly winds around 5 mph.Note: Computer model precision diminishes the further into the week the forecast projects.

isis-killer-beheading-video-story-top In Honor of Rock Legend Tom Petty
Oct 06, 2017 - 00:45
He also formed the band The Travelling Wilburys with fellow artists George Harrison, Bob Dylan , Roy Orbison and Jeff Lynne. Along with his band the Heartbreakers , Petty helped weave the fabric of American rock-and-roll for decades.

Sports Illustrated projects Oklahoma State to play Texas A&M in a bowl
Oct 06, 2017 - 00:45
Texas A&M is unranked and still trying to live down its epic collapse in its season-opener at UCLA. He didn't account for a touchdown, but led the Aggies in rushing with 95 yards and passed for 159.

isis-killer-beheading-video-story-top Puigdemont detached from reality: Spanish deputy PM
Oct 06, 2017 - 00:43
Madrid has the power to suspend the semi-autonomous status that Catalonia now enjoys under Spain's system of regional governments. The court said that by allowing the parliament to meet and declare independence would "violate the rights of the party's MPs".

isis-killer-beheading-video-story-top NY Prosecutors Investigated Ivanka, Trump Jr. For Potential Fraud
Oct 06, 2017 - 00:42
Kasowitz stated "I have never made a contribution to anyone's campaign, including Cy Vance's, as a "quid-pro-quo" for anything". Ivanka Trump listens to the press conference held by President Donald Trump and Chancellor Angela Merkel at the White House .

isis-killer-beheading-video-story-top Mamata congratulates Akhilesh Yadav on becoming national president of Samajwadi Party
Oct 06, 2017 - 00:41
The task of competing with and stopping the BJP can only be done by Samajwadi people. The announcement to this effect was made by SP general secretary Ram Gopal Yadav.

isis-killer-beheading-video-story-top We're not satisfied yet with markets, Saudi oil minister says
Oct 06, 2017 - 00:37
Tass reported that Moscow is hoping Saudi Arabia investment in Russian Federation will surpass $1 billion after the visit. Both Russia and Saudi Arabia rely heavily on oil revenues and were hit by the slump in world energy prices.

isis-killer-beheading-video-story-top Woman orders yoga mat but receives 20000 oxycodone tablets
Oct 06, 2017 - 00:37
The county's drug unit commander, Marvin Brown, believes the package was probably sent there to be picked up by a waiting dealer. Authorities say each oxycodone-type pill had a street value of about $20, making the total drug bust worth as much as $400,000.

isis-killer-beheading-video-story-top Nobel Prize Honors Technique for Seeing Molecules' Details
Oct 05, 2017 - 00:53
The trio was presented with the prize money of 9 million Swedish crowns ($1.1 million) which will be split into three equals. The 2017 Nobel Prize in chemistry has been awarded to three scientists for improving images made of biological molecules.