Netflix has taken a new decision regarding the prices of its subscription plans. The company has increased the subscription prices. Netflix has increased prices for streaming plans in the US, UK and France. After this decision of the company, Netflix shares also registered a rise of 7 percent. It almost increased to $369.89.
The Company has taken a new decision regarding the prices of its subscription plans. The company has increased the subscription prices. Netflix has increased prices for streaming plans in the US, UK and France.
Actually, the company has taken this step to increase revenue in the competitive streaming market. After this decision, the shares of the Company also registered a jump of 7 percent. It almost increased to $369.89.
Now the price of premium ad free plan is this much
In the US, the price of the premium ad-free plan has increased by $3 per month to $22.99. In this plan, the facility of four streams is available at the same time. At the same time, the price of One Stream Basic US plan has also increased by $3 per month. The new price of the plan has increased to $11.99.
Netflix added 90 lakh new users
In fact, Netflix announced the price increase in its third quarter earnings report. This report showed that the company has added about 9 million i.e. 90 lakh people as new customers. This number of new customers of the company has increased globally. With this the company has shown its revenue at Rs 8.542 billion.
Netflix reported fourth-quarter revenue of $8.69 billion. According to media reports, the company is constantly trying to increase its revenue, because it is facing competition from Walt Disney, Warner Bros. Discovery and other companies in America.
Users of Britain and France will have to pay the new price
The price of the basic Netflix plan in Britain has been increased from £1 to £7. At the same time, in France the price of basic subscription plan has increased by 2- 10.99 euros. The company has also launched a cheap tire with advertising. Along with this, Netflix has also asked those who share the password to make payment.
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