Netflix raises prices for its US subscribers

World 13:36 16.01.2019

Netflix is raising monthly fees for its US subscribers by between 13% and 18%, the video streaming pioneer's first price increase since 2017 as it spends heavily on original content and international expansion. 

Prices for its popular standard plan, which allows streaming on two devices at the same time, will rise to $12.99 per month from $10.99, the company said in a statement. 

Netflix shares rose 6.5% to close at $354.64 on Wall Street last night, adding to their 30% rise so far this year.

The company's top-tier plan, which allows streaming on four screens in high definition, will increase to $15.99 from $13.99 per month, while the fee for its basic plan will rise to $8.99 from $7.99. 

In comparison, AT&T HBO Now streaming service charges $14.99 a month, while Hulu's no-advertisements plan is priced at $11.99 a month.

Prices here have not changed, and Netflix said the move was not an indication of its global plans.

Analysts said the increase highlights that Netflix has pricing power and even after the increase it remains a very cheap entertainment alternative. 

Netflix has been spending billions to bolster its original content, which boasts award-winning shows such as "The Crown," "Black Mirror" and "Wild Wild Country" to fend off intensifying competition from players such as Amazon.com's Prime Video service and Hulu. 

The company reported it had 137 million customers at the end of September. 

The price hikes are expected to make Netflix hundreds of millions of dollars, ahead of the launch of streaming services from AT&T and Walt Disney. 

While aggressive spending - a planned $8 billion in 2018 - has led to a surge in subscriber growth, its debt doubled to $6.50 billion in 2017 from $3.36 billion in 2016.

Netflix is scheduled to report its fourth-quarter results on Thursday night. 

Azerbaijan Air Force and Navy Forces held joint tactical exercise in Caspian Sea - VİDEO

News line

Iraq military base housing pro-Iranian force hit, security sources say
13:21 20.04.2024
Azerbaijan's Energy Minister, IEA mull cooperation on energy efficiency and COP29
12:55 20.04.2024
SOFAZ discloses revenue and expenditure statement for January-March 2024
SOFAZ discloses revenue and expenditure statement for January-March 2024
12:30 20.04.2024
Swedish FM welcomes agreement reached by Azerbaijan-Armenia delimitation commission
12:17 20.04.2024
Musk postpones India visit, citing heavy Tesla obligations
Musk postpones India visit, citing heavy Tesla obligations
11:51 20.04.2024
Pistol, assault rifles, and grenades found in Khankandi
11:18 20.04.2024
Fifty drones attack eight regions of Russia
Fifty drones attack eight regions of Russia
10:55 20.04.2024
Hikmet Hajiyev: Hosting COP29 in Azerbaijan - manifestation of country’s diplomatic, political courage
10:40 20.04.2024
Mukhtar Babayev: COP29 key for planning assistance to poor countries
10:00 20.04.2024
Guterres welcomes agreement between Azerbaijan and Armenia on border delimitation
09:42 20.04.2024
Unidentified man attempts suicide outside courthouse where Trump trial is underway
Unidentified man attempts suicide outside courthouse where Trump trial is underway
09:20 20.04.2024
US Secretary of State welcomes return of Azerbaijan’s villages
09:00 20.04.2024
Iran and Israel playing with fire as old rules of confrontation are torn up - ANALYSIS
20:50 19.04.2024
'Ukraine is blackmailing the West for this' - Expert reveals the secret details
19:50 19.04.2024
French police arrest attempted suicide bomber
French police arrest attempted suicide bomber
19:30 19.04.2024
'We are witnessing historical events' - Umud Mirzayev on the occasion of the return of Gazakh villages
19:09 19.04.2024
Expert: Israeli Response to Iran Expected to Be Limited, Considers Targeting Neighbor
18:45 19.04.2024
Border delimitation between Azerbaijan and Armenia to be based on Almaty Declaration
18:25 19.04.2024
Defamation against Azerbaijan in the International Court of Justice
18:12 19.04.2024
CIA: Ukraine will lose war without new aid this year
17:58 19.04.2024
Another baseless allegation from a law professor speaking on behalf of Armenia
17:40 19.04.2024
Azerbaijan and Armenia agree on returning of Gazakh's 4 villages
17:21 19.04.2024
President of Azerbaijan and Chancellor of Germany to meet in Berlin
17:00 19.04.2024
Russia won’t allow NATO to move closer in Ukraine — Lavrov
Russia won’t allow NATO to move closer in Ukraine — Lavrov
16:48 19.04.2024
Baku French Lyceum ceases its activity
16:35 19.04.2024
Ilham Aliyev and Vladimir Putin to meet in Moscow
16:27 19.04.2024
G7 Foreign Ministers call Azerbaijan and Armenia to be committed to peace process
16:16 19.04.2024
Mikayil Jabbarov: ‘Ughuryolu career program leads to identifying personnel with higher potential’
Mikayil Jabbarov: ‘Ughuryolu career program leads to identifying personnel with higher potential’
16:01 19.04.2024
US calls on Israel to provide humanitarian aid to Gaza
15:40 19.04.2024
Jeyhun Bayramov discusses situation in Gaza with Prime Minister of Palestine
15:30 19.04.2024
Public hearings on preliminary objections raised by Azerbaijan in International Court of Justice conclude
15:00 19.04.2024
Azerbaijan to create artificial land plots in Caspian Sea for construction
14:02 19.04.2024
Azerbaijan weather forecast for April 20
Azerbaijan weather forecast for April 20
13:21 19.04.2024
Fathers will have right to receive a pension under favorable conditions for their children in Azerbaijan
13:00 19.04.2024
Azerbaijan Air Force and Navy Forces held joint tactical exercise in Caspian Sea - VİDEO
Azerbaijan Air Force and Navy Forces held joint tactical exercise in Caspian Sea - VİDEO
12:40 19.04.2024
No plan for immediate retaliation against Israel, senior Iranian official says - VİDEO/UPDATED
12:25 19.04.2024
Oil prices surge following Israeli airstrike on Iran
12:12 19.04.2024
Final Day of Hearings in 'Armenia vs. Azerbaijan' Case at the Hague Court - LIVE
12:02 19.04.2024
Australia tells citizens to leave Israel
Australia tells citizens to leave Israel
11:50 19.04.2024
'Regrettably, the United States exhibits a biased position regarding peacekeepers' - MP Konul Nurullayeva
11:34 19.04.2024
Hamısı