Here we go again, a new Netflix price increase for US subscribers.
Many of Netflix's US subscribers are being hit with a price increase starting today, the company announced as part of its third-quarter earnings announcement. Netflix disclosed the news, which had been rumored about in recent weeks and led angry customers to start bracing for the company's latest price hike, in its newly released quarterly letter to shareholders. That letter, specifically, revealed that two of Netflix's four monthly subscription tiers are getting the price increase.
The Basic plan, meanwhile, is getting a $2/month increase . Netflix's letter continues: 'While we mostly paused price increases as we rolled out paid sharing, our overall approach remains the same -- a range of prices and plans to meet a wide range of needs, and as we deliver more value to our members, we occasionally ask them to pay a bit more.
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