Netflix prices increased
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Netflix has raised the prices of their versions which aroused controversy. This streaming service has been streaming since 2007, but the rise in price may be driving some viewers away. As of April 2016, Netflix raised its prices for the second time for the standard version of viewing from $8.99 to $9.99. This may seem like a small difference, but long-time viewers see a different side to it.
“It doesn’t seem like such a big difference at first, but this really is a huge step for Netflix, but they may also lose customers by upping their prices,” junior Moises Jaimes said.
As of the end of the first quarter of 2016, Netflix subscriber numbers skyrocketed to over 75 million streaming subscribers according to money.cnn.com. Adding only one dollar to the bill of each subscriber may not seem like much at first, but when counting in every streamer, Netflix will gain an extra 75 million dollars a year, just by raising the price by one dollar to their standard version according to forbes.com.
“I don’t find the price raise to be such a big deal, but yet Netflix does make substantial amounts of money for raising it by even one dollar,” viewer Rahman Sarwari said
Subscribers have been given until October of this year to adjust to the price change.
“I’ve been a user for a very long time, and this really doesn’t change much for our viewer experience, I feel we should have a benefit to paying more,” said junior Nate LeDoux.
The price increase will be taking place as of later this year. The change will cause viewers to pay an extra dollar a month for the standard version of Netflix. This is the second time Netflix has been raising the price, leaving viewers to think whether or not the price will keep rising. For now the standard price will be approximately 10 dollars a month according to Netflix, and it will stay like that for a while.