Why are Netflix subscription prices likely to rise significantly soon?

Why are Netflix subscription prices likely to rise significantly soon

Netlifx subscription costs will increase soon? This is apparent from the reports.

Although Netflix has fantastic content, the company is also known to raise prices every few years. What used to be a simple, fixed subscription fee of $ 8 can now be anywhere from $ 9 to $ 16 for a premium membership. There will probably be another price hike soon, especially since Netflix is ​​now as popular as ever.

Will there really be price increases?

According to Alex Giaimo, vice president of Jefferies (investment bank and financial services firm) at Netflix, there has been an internal change in the company recently regarding whether prices should be increased. According to Giaimo, the service is now considering a price increase, but the details are unclear.

Giaimo says he believes the price spike will most likely hit Europe with an increase of $ 1 to $ 2 per month. An increase in prices in America is also not out of the question, and it is unclear whether there is a possibility that it would affect both areas of the world.

Will there really be price increases

It is not known when the authorities will decide to increase the fees for using the website. Giaimo talks about growth in the “near to medium term”, but it is not known exactly what that means.

It is worth recalling that the last increase took place at the beginning of 2019, so quite recently.

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