The price of the cheaper ad-supported plan will also increase from $6.99 a month to $7.99 a month.
Accordingly, the monthly fee for the premium plan will increase from $22.99 (approx. 3,600 yen) to $24.99 (approx. 3,900 yen).
The cost of adding additional members to your account has also increased.
The cost of a new membership will increase from $7.99 to $8.99 per month. The cost of adding a member on an ad-supported plan will remain the same.
Netflix has announced that it will raise its prices not only in the United States, but also in Canada, Portugal, and Argentina.
Major streaming services like Netflix and Disney+ have been steadily increasing their prices in recent years.
Streaming companies rely on ad-supported plans and high pricing to boost profitability. Netflix announced in November 2022 that it would cut its ad-supported plans amid slowing subscriber growth.
The company then announced that as of November 2023, the number of monthly active users worldwide using ad-supported plans had reached 70 million.
Netflix has also been cracking down on account sharing to secure additional revenue.
Netflix announced in its earnings report that it added 19 million paid subscribers in the fourth quarter of last year, the largest number ever, bringing its total subscriber count to more than 300 million.
2025/01/22 11:31 KST
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