Earlier this year, Netflix rolled out the biggest price increase in the history of its streaming service. The company’s most popular plan saw the largest price hike percentage-wise, ballooning a whopping 18% as it climbed from $10.99 a month to $12.99 a month. The basic plan that doesn’t include HD video and can only stream on one screen at a time jumped from $7.99 to $8.99, and the premium plan that includes Ultra HD and streaming to four screens simultaneously increased from $13.99 to $15.99. Some subscribers were upset at first, and there was even a bit of chatter among people who said they would cancel their accounts because of the price hike, which came just 2 years after Netflix had last inflated its prices. That chatter came from a vocal minority, of course, and most people continued to pay the new prices.
Netflix didn’t have a great quarter in Q2, but it was hardly due to a mass exodus because of that huge price hike. Instead, Netflix is simply running out of new subscribers to add in major markets like the United States because so many households already subscribe to the service. For that reason, Netflix must look elsewhere if it hopes to boost subscriber numbers, and a special new plan that just launched on Tuesday could be just what the company needed.
BGR Top Deals:
- True wireless earbuds with touch control like AirPods are on sale for $29
- This $50 GPS vehicle tracker is so covert, we probably shouldn’t even be telling you about it
Trending Right Now:
- ‘Stranger Things’ season 4 could run into a problem with Winona Ryder
- This awesome ‘Stranger Things’ Easter Egg might make you shed a few tears
- This is our best look at Samsung’s iPad Pro rival that’s unlike any other Android tablet
After its biggest price hike ever, Netflix just launched a $3 streaming plan for a select few people originally appeared on BGR.com on Wed, 24 Jul 2019 at 08:21:18 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report