Netflix raised its price fourth time in history, Also its a biggest price increase in the history of streaming service. Netflix debuted in 2007 and now it became the world’s one of the most used streaming service on the planet.
Netflix Plan increased
Netflix increased the price by 18%, which is the biggest in the history of any streaming service.
Netflix Plan increased Lists
|The standard plan||$10.99 to $12.99|
|Basic Plan||$7.99 to $8.99|
|Ultra Hd||$13.99 to $15.99|
These above plans are for a month only.
SunTrust – Buy rating
“We noted in our recent ‘NFLX Monthly’ note that we expect the content slate to strengthen into mid-year and to ‘watch for tactical price increases into the strengthening content slate. We view the read-through as positive as it relates to the company’s confidence in the content slate and subscriber trajectory in 2019.”
Wall Street analysts largely cheered this move of Netflix, this will help to increase the value of stock.