In January of this year, Netflix announced the biggest price increase in the history of its streaming service. The company’s most popular plan jumped from $10.99 to $12.99, while the basic plan increased from $7.99 to $8.99 and the premium plan ballooned from $13.99 to $15.99. All of those increases stung, but the main plan was the worst — a $2 price hike from $11 to $13 per month is a whopping 18% increase, the largest by far since Netflix first launched its streaming entertainment service back in 2007.
Of course, most Netflix subscribers are happy to pay the newly increased prices. Well, perhaps “happy” isn’t the proper word, but you won’t see a mass exodus from Netflix anytime soon. The company spends billions of dollars each year to license some of the best third-party content around. It also invests billions more into creating some of the most critically acclaimed original TV series and movies in the world right now. Just look at the 44 new original shows, movies, and specials set to debut on Netflix in April 2019 alone. People will indeed gladly pay between $9 and $16 to access all that streaming entertainment… but what if you could stream it all for just $3.62 per month?
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Netflix is testing a mobile-only plan for just $3.62 originally appeared on BGR.com on Fri, 22 Mar 2019 at 08:02:04 EDT. Please see our terms for use of feeds.
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