{"id":1194201,"date":"2023-10-19T13:13:12","date_gmt":"2023-10-19T17:13:12","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1194201"},"modified":"2023-10-19T13:13:12","modified_gmt":"2023-10-19T17:13:12","slug":"netflix-raises-prices-up-to-17-amid-new-contracts-licensing-costs","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1194201","title":{"rendered":"Netflix raises prices up to 17% amid new contracts, licensing costs"},"content":{"rendered":"<div id=\"rss-wrap\">\n<figure class=\"intro-image intro-left\">\n  <img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2023\/10\/GettyImages-1723108474-800x533-1.jpg\" alt=\"Netflix N letter at large scale in front of its New Mexico studios.\" \/><\/p>\n<p class=\"caption\" style=\"font-size:0.8em\"><a href=\"https:\/\/cdn.arstechnica.net\/wp-content\/uploads\/2023\/10\/GettyImages-1723108474.jpg\" class=\"enlarge-link\" data-height=\"5171\" data-width=\"7757\">Enlarge<\/a> <span class=\"sep\">\/<\/span> The Netflix logo at the entrance to Netflix Albuquerque Studios film and television production studio lot. <\/p>\n<\/figure>\n<div><a name=\"page-1\" \/><\/div>\n<p>Having earned a 22 percent margin on $8.5 billion in revenue and picked up nearly 9 million customers from its <a href=\"https:\/\/arstechnica.com\/information-technology\/2022\/03\/netflix-fights-password-sharing-with-test-of-3-extra-member-fee\/\">crackdown on shared passwords<\/a>, there&#8217;s only one thing left for Netflix to do as it rounds out 2023: raise prices. The streaming giant will not, it turns out, be <a href=\"https:\/\/arstechnica.com\/gadgets\/2023\/10\/netflix-raising-ad-free-prices-in-a-few-months\/\">waiting for the actors&#8217; strike to end<\/a>.<\/p>\n<p>Starting today Netflix&#8217;s non-HD, one-screen-at-a-time Basic plan will be $11.99 per month, up $2, or 16.7 percent, from the $9.99 price set during <a href=\"https:\/\/arstechnica.com\/gaming\/2022\/01\/netflix-cites-more-entertainment-choices-than-ever-raises-prices-again\/\">Netflix&#8217;s last price increase in January 2022<\/a>. The Standard package remains $15.49 per month, while the Premium plan, with 4K resolution and four screens, was bumped from $19.99 to $22.99 per month, about 13 percent. The &#8220;<a href=\"https:\/\/arstechnica.com\/information-technology\/2022\/10\/netflix-with-ads-launches-nov-3-will-be-missing-up-to-10-of-netflix-catalog\/\">Standard with ads<\/a>&#8221; plan remains at $6.99.<\/p>\n<p>In its <a href=\"https:\/\/s22.q4cdn.com\/959853165\/files\/doc_financials\/2023\/q3\/FINAL-Q3-23-Shareholder-Letter.pdf\">letter to shareholders for Q3 2023<\/a>, Netflix states that adoption of ads-included plans grew 70 percent from Q2 to Q3, and that 30 percent of new signups are for ad-based plans. Making people pay for password-sharing also had a big impact, as the last quarter saw 8.8 million paid net subscriber additions versus the 2.4 million added the same quarter in 2022, due to &#8220;the roll out of paid sharing, strong, steady programming and the ongoing expansion of streaming globally.&#8221; Netflix now stands at 247 million subscribers worldwide.<\/p>\n<\/div>\n<p><a href=\"https:\/\/arstechnica.com\/?p=1977189#p3\">Read 4 remaining paragraphs<\/a> | <a href=\"https:\/\/arstechnica.com\/?p=1977189&amp;comments=1\">Comments<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Ars Technica &#8211; <a href=\"https:\/\/arstechnica.com\/?p=1977189\" target=\"_blank\" rel=\"noopener\">Netflix raises prices up to 17% amid new contracts, licensing costs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enlarge \/ The Netflix logo at the entrance to Netflix Albuquerque Studios film and television production studio lot. Having earned a 22 percent margin on $8.5 billion in revenue and picked up nearly 9 million customers from its crackdown on &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1194201\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1194202,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1194201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1194201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1194201"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1194201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1194202"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1194201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1194201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1194201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}