Netflix Raises Prices, Focuses on Ad-Supported Tier
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Netflix raises subscription prices, with the standard with ads plan now costing $8.99, standard ad-free tier at $19.99, and premium at $26.99. This is the second price hike in under two years, following a strong quarter with 325 million paid subscribers and $12.05 billion revenue. The company expects quick recovery in churn, thanks to its packed content slate and ad business, which doubled last year to over $1.5 billion. Netflix skipped a big Warner Bros. Discovery deal, focusing on its own growth with $20 billion in content spending next year.
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