Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • <asian-news.net

Netflix to hike prices on standard and ad-supported streaming plans

Netflix is hiking the price of most of its U.S. plans.

The streaming giant announced on Tuesday that its standard plan without commercials will increase from $15.49 a month to $17.99. Its cheaper, ad-supported plan, which was more recently introduced to attract more subscribers, will increase from $6.99 per month to $7.99.

In addition, the monthly cost of Netflix's premium plan will increase from $22.99 to $24.99.

The company, which reported fourth-quarter earnings on Tuesday, said it will also raise prices in Canada, Portugal and Argentina.

Consumers have been faced with numerous price hikes in recent years across major streaming services including Netflix and its competitors, including Disney's apps and Warner Bros. Discovery's Max. Streamers have increasingly turned to higher prices and ad-supported plans as they look to reach profitability.

"When you're going to ask for a price increase, you better make sure you have the goods and engagement to back it up," said Netflix co-CEO Ted Sarandos during Tuesday's investor call, noting upcoming series and movies to be released in 2025.

During Tuesday's call, co-CEO Greg Peters said that the recent price increases in international markets went "smoothly."

Netflix last increased the cost of its standard plan without ads in 2022, while its premium plan last saw a hike in 2023. Meanwhile in 2023 the company discontinued its cheapest basic ad-free option. While the plan is no longer available to new customers, Netflix did increase the cost of it later that year.

Netflix had ditched the basic ad-free tier soon after it introduced its cheaper, ad-supported plan in November 2022 as a response to slowing subscriber growth at the time. In November, Netflix said it had reached 70 million

Read more on cnbc.com
DMCA