Netflix Prices Increase Again

 

BINTA DIALLO News Editor

 

Netflix has announced that its prices will raise for customers once again. After announcing this, Netflix’s stock prices have also rose about 6.5 percent last week. The new prices are expected to raise the cheapest plan from $8 plan to $9, the HD plan which is now $11 will raise to $13, and the 4K premium plan will go cost up to $16. Although, the company’s stock prices have increased, customers have showed their discontent with the recent news.

“To be honest I think it’s whack because Netflix should be at a low price for everyone. Netflix is a great source for entertainment, and if they [raise] the prices it’s going to lose out on a lot of customers.,” Senior Khrysti Hightower said. “I think that Netflix should keep their same prices.”

However, some customers believe that the increase of price is actually reasonable.

“$10 each month for a Netflix account is a relatively low price to pay,” Junior Sharif Diallo said. “Nowadays, it’s practically taken over cable T.V., and cable likely costs much more.

There is an endless supply of entertainment accessible from almost any device that uses internet, the $10 a month sounds like a good purchase to me.” Netflix has already raised its prices last year on Jan. 15. According to CNN, current subscribers will start to see the rate increase sometime over the next three months. this is the biggest rate hike since Netflix began in 2007.