Netflix has increased the price of its subscription plan. Now you will have to pay more to watch a movie or any video on OTT. This is no less than a shock for the users.
Netflix is going to increase the price of its plan. A new report has come out regarding this and Netflix lovers may get a little shocked knowing this. Because now you will have to pay more to watch content and a new decision can be taken soon for this. A report has come out and this report claims that by the end of this year, users may get a shock because the company is going to increase the price of its subscription plan.
A report has been presented by research firm Jefferies regarding this. Along with this, the reason behind the subscription plan being expensive has also been given. The first reason is that it has been a long time since the price of the subscription plan was increased. The price of the plan has not been increased since January 2022, but now a decision can be taken on it. The second reason is that Netflix’s cheapest plan is currently ad-supported. After increasing the price, it will be made prime. Talking about the last point, Netflix is also offering the option of live sports and this is expected to increase the user base.
The firm said that Netflix had increased the price of basic and premium plans in October 2023 itself. Due to this, the demand for the basic plan was seen. Now Netflix can consider a new plan to increase ARPU. Because by doing this the company is going to benefit a lot. Right now Netflix is facing a revenue hit anyway.
Hint has been given earlier also-
Hint has been given by Netflix regarding this earlier also. Actually the company had told that it is going to increase the price of its plan very soon. WWE RAW was recently debuted on Netflix. The company says that now users will have to pay more for the content. However, no official statement has been given on this yet. Once this happens, the plans will not only become expensive, but you will also get to see some new content.
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