Gadgetory

Netflix is increasing prices the standard plan which lets users watch Netflix in high-definition on up to two screens will now cost 1099 per month that's up by one dollar the premium plan which includes 4k video and streaming on up to four screens at one time will now cost $13.99 that's an increase of two dollars per month the $7.99 basic plan stays the same it lets you watch Netflix on one screen but not in high definition if you're already a Netflix member expect an email notification from the company on October 19th will let you know if your plan will cost more you'll have at least 30 days to change or cancel your plan or you could just accept your fate the price change will roll out over the next several months back in 2014 Netflix announced it's the last price increase from $7.99 to $8.99 for its most popular plan however existing members were able to keep the lower rates up until last year the higher rates might help Netflix pay for content Netflix said it will spend about 6 billion dollars for content next year the company will also be seeing increased competition in the streaming space Disney plans are taking its content over to its own streaming service which is expected to launch in 2019 that service will how Star Wars Marvel and Pixar films along with new original content we'll have to see what kind of impact this increase will have on Netflix for more coverage visit cnet.com line