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Netflix raising prices for its standard, premium plans

Netflix raising prices for its standard, premium plans
Posted at 3:51 PM, Oct 29, 2020

Streaming media company Netflix is raising its standard and premium plans for its US subscribers.

According to Netflix, which announced the news on Thursday, the standard plan is now $13.99 a month, jumping up a $1 from last year when it was $12.99 a month.

The premium jumped up by $2 and will now cost $17.99 a month.

The company's basic plan will stay at $8.99 a month.

Current subscribers will see their monthly bill increase in the coming weeks, USA Today reported.

According to CNN, Netflix's stock increased 5% following the news.