Better Check Your Bank Account, Netflix is Raising Prices

Eric Gonzalez , Student Life Editor & Entertainment Reporter

Netflix is raising prices again. Where can I insert my eye-rolling emoji?

Subscribers will be paying more than they are already. People who are paying $9.99 per month will now be paying $10.99; Those paying $11.99 per month for the premium service will now pay $13.99. People with the basic plan will still be paying that price — that price has not gone up from $7.99. Members will be notified 30 days prior to the changes, but they’re coming whether you like it or not.

“From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster,” said a Netflix executive.

These increasing prices come from the company’s decision to develop more ‘Netflix Originals.’ The company has already committed $15.7 billion to streaming content deals, with an additional $6 billion earmarked for 2017.

This isn’t exactly new. Since 2011, Netflix has been steadily increasing prices.

However, subscribers have not been the least bit pleased by these raised prices, especially when considering that other streaming sites are often cheaper and offer better discounts. For example, if you’re a student, you have a premium Spotify account and a Hulu subscription for only five dollars. That’s like a couple cheeseburgers at McDonald’s.

There are many who enjoy Netflix’s original programs, like “House of Cards” and “Orange is the New Black.” But I know my family is switching to other streaming sites because of the deals they have to offer. I’m even considering Hulu just for the student discount.

Every penny counts when you’re a broke college student. What are your thoughts? Let me know below.

Should Netflix raise rates to fund original programming?


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