The massive video streaming service Netflix intends to raise the cost of a few of its subscription packages shortly. Its decision might surprise many of its users. Over the past two years, there has been a notable surge in the number of Netflix subscribers. But over the past two years, Netflix hasn’t significantly raised the cost of its monthly packages.
Prices for plans can go up by December.
The research company Jefferies has reportedly stated that Netflix may raise the prices of its base and advertising plans by December 2024 or in the fourth quarter for three reasons, according to a story published on Slash.com. The basic plan’s pricing was raised by the firm in 2022.
This may be the cause of the plan’s price increase.
Information regarding a potential rise in Netflix plan rates has been provided by Jefferies. According to Jefferies, Netflix last raised the cost of its basic package in January 2022. Its marketed plan is still the most affordable in the sector.” Jefferies said that “For these reasons, it is likely that the price on the base plan may increase in the fourth quarter or December of this year.”
The basic plan could expire
Let us inform you that there is a very good chance that the base plan may grow. This is because, as of October 2023, Netflix only offered price increases for its basic and premium subscriptions. The business currently intends to discontinue the basic plan. Not only this, the company also wants to increase its average revenue per user (ARPU) by increasing the prices of the base plan. However, the company has not yet given any information officially.
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