Two Takes Balanced

Netflix is raising the price of its standard package to $9.99/month

via Time

2 min read

Oct 8, 2015

Read Original Article

TECHi's Analysis

86 words

Michio Hasai

Netflix’s most popular streaming package is getting a price increase for the second time in two years, and as with last time, it’s such a small increase that the company will likely only receive minor complaints. That’s the beauty of it. Nobody really cares that Netflix is raising the price since it’s only increasing by a single dollar, but when you have as many users as Netflix does, that single dollar can add tens of millions of dollars in revenue every month.

Time's Report

151 words

Netflix is raising the monthly subscription price for its most popular streaming package by $1, it announced Thursday. The plan will now cost $9.99, making the second time in two years Netflix increased the price of the offering. The standard plan, which lets users stream movies and television shows in HD on up to two screens simultaneously, is Netflix’s most popular offering. The recently-created “basic” plan, which lacks those features, will remain $7.99 a month. The change should help Netflix increase its revenue as it pays increasing sums for original and third-party content. “To continue adding more TV shows and movies including many Netflix original titles, we are modestly raising the price for some new members in the U.S., Canada and Latin America,” a Netflix spokesperson told Variety. Many current Netflix subscribers will be offered a grace period of up to a year during which they’ll still pay the $8.99/month price.

TECHi's Verdict: Balanced

TECHi weighs both sides before reaching a conclusion.

NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.