Netflix raises subscription prices amid record subscriber growth
Netflix raises subscription prices amid record subscriber growth

Netflix raises subscription prices amid record subscriber growth

News summary

Netflix is set to raise subscription prices across all tiers, with increases effective in the coming months. The standard ad-free plan will rise from $15.49 to $17.99, while the premium 4K plan will increase to $24.99. This announcement follows a record-breaking quarter where Netflix gained nearly 19 million new subscribers, bringing its total to over 300 million, largely attributed to successful live events and popular programming like the second season of Squid Game. While the company emphasizes that the price hike is necessary to reinvest in content, user backlash is evident, with social media reflecting frustration over perceived greed. The increase marks Netflix's fourth price hike since 2011, leading to a significant spike in searches for

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