Netflix users are once again braced for another price increase, arguably the service’s biggest yet.
Once believed to be a cheaper means of accessing entertainment, streaming services have since disillusioned people of that notion.
Out of all the streaming options available, Netflix is among the most costly (assuming you opt for premium).
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Unfortunately, the price is once again increasing, with each Netflix tier subject to this change.
Everyone loves Squid Game, but do these shows justify that price hike?
As detailed by Dexerto, a letter to Netflix’s investors explained the reasoning behind this decision.
“As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix.”
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For a better breakdown of how each tier will be impacted, X account Screen Time posted a quick overview.
The ad-tier is by far the cheapest option, but has now increased to $7.99 a month. Standard will now cost $17.99 per month, and Premium will be $24.99.
When those costs are added on top of other monthly subscriptions – such as Disney+, Amazon Prime, etc – it soon adds up.
Naturally, subscribers aren’t happy.
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Despite Netflix citing successful shows, such as Squid Game, as a reason for a price hike, users believe all Netflix does is “cancel good shows”.
User @mws said, “I've gone through way too many Netflix price increases now. I dont even watch it much anymore either. All they do is cancel good shows. Where is my money going fr?”
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“Yea I’m done with Netflix. I am never subscribing again,” declared @CloverDelta96.
Netflix has also been compared to Blockbuster, a once invaluable service that died a slow, lingering death when alternative options became available for a fraction of the cost.
“They’re gonna end up like Blockbuster. At some point, people are gonna think buying a few movies on sale [...] is more cost effective than $25 a month for slop they’ll never watch on Netflix,” @RinoTheBouncer commented.
The backlash has been swift, with the word “boycott” bandied about.
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However, with interest in Netflix’s hit shows still working in its favour, it seems unlikely the service will dramatically lose subscribers.
Topics: Netflix, TV And Film