Connect with us

Hi, what are you looking for?

News

Netflix Raises Subscription Prices

Netflix has decided to raise its monthly subscription fees for 2022. Will this give cover for other services to raise theirs too?

Netflix Homescreen Featuring Money Heist TV Series

Netflix, with over 200 million worldwide subscribers is the largest streaming service. The company is reportedly worth almost $289 billion dollars. In 2020 (the latest year figures are available), Netflix took in over $25 billion dollars in revenue and spent over $13.6 billion dollars in content creation and acquisition. Of course, there are additional expenses including personnel, marketing, etc…

Netflix is also in the process of trying to purchase the vacant Ft. Monmouth property on the Jersey Shore to build a massive movie and television production studio outside of New York City.

EIC Ian White lives less than 2 miles from the proposed site and reports that the State of New Jersey and the authority that manages the vacant base which stretches from Exit 105 on the Garden State Parkway in Tinton Falls to West Long Branch, Oceanport, and Long Branch has to make a decision on the Netflix bid this month. The studio bid between $70 – $90 million for the 300 acre site and the planned investment could exceed $200 million.

Netflix Logo

With that in mind, Netflix is claiming that in order to continue to offer both the quality and quantity of content that a subscription price increase is justified. 

In addition to all the content, Netflix recently added online gaming

On the other side of the coin, many Netflix subscribers are getting increasingly frustrated with their habit of canceling seemingly popular shows after one or two seasons.

Also, if you subscribe to several streaming services, those dollars can add up, especially if services like Disney+ and Apple TV+ which are less than half the price of Netflix (albeit with less original content) will see this as a chance to up their subscription fees. Refer to our report on the cost of several streaming service subscription fees.

Here is how the Netflix subscription plans break down in both cost and features:

Netflix Plan FeaturesBasic PlanStandard PlanPremium Plan
Price per month$9.99
(Up from $8.99)
$15.49
(Up from $13.99)
$19.99
(Up from $17.99)
ResolutionSD
(480p)
HD
(720p/1080p)
4K UHD
(2160p)
HDR/Dolby VisionNoNoYes
(When available)
Dolby AtmosNoNoYes
(When available)
Number of Screens you can watch at the same time.124
Number of phones/tablets you can store Netflix  downloads on124
Unlimited Movies, Shows, and GamesYesYesYes
Watch on TV, Laptop, Phone/TabletYesYesYes

The above price increases apply to new members. However, they will gradually take effect for all members except those that change their plan during this time period. If you are a current member you will receive an email notification 30 days before your price changes,

NOTE: Netflix does not offer free trials. 

Internet Speed Requirements

Netflix suggests the following internet connection speeds:

Advertisement. Scroll to continue reading.

  • 0.5 Mbps minimum 1.5mb/s recommended for SD resolution (480p) on a laptop computer. 
  • 3.0 Mbps SD (480p) on a TV.
  • 4.0 Mbps HD (720p/1080p). 
  • 5.0 Mbps or more for best Full HD (1080p) quality.
  • 25 Mbps UHD (4K, 2160p).

Netflix automatically adjusts video quality based on your internet speed. For example, if you subscribe to the Premium Pan and your internet speed is not fast enough for 4K, Netflix will default to HD or SD resolution to avoid freezing and buffering. This means video quality is reduced. Keep this in mind if are considering signing up for the Premium Plan.

Netflix doesn’t work on 2010-11 or earlier model year Samsung Smart TVs, 2012-2014 Vizio Smart TVs running Internet Apps/Apps Plus, and select older Roku media streamers. 

Additional Netflix Resources:

How To Sign Up for Netflix

Netflix Payment Options

You May Have To Pay Taxes 

How to Change Netflix Plans

How to Cancel Netflix

How To Sign Up for the Netflix DVD/Blu-ray Disc by Mail Service (Yes, you can still rent DVDs and Blu-ray discs by mail)

Related reading:

Does Cutting the Cord Make Sense Financially?

Podcast: VOD and the Future of Movies Post-COVID

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

New Products

TEAC UD-507 USB DAC / Preamplifier / Headphone Amplifier in Silver

Headphone Amps

Borrowing design concepts from TEAC’s top-of-the-line 700 Series, the standout feature of the UD-507 is TEAC’s new proprietary "TRDD5" (TEAC Reference Discrete DAC) designed...

Sonos Roam 2 in wave light blue color in-hand Sonos Roam 2 in wave light blue color in-hand

New Products

While we were all distracted by the company's first headphones, Sonos quietly slipped in an update to their popular Bluetooth portable speaker.

JMGO N1S Projector 180-inch Screen JMGO N1S Projector 180-inch Screen

New Products

JMGO is introducing two Netflix certified lifestyle projectors. Find out what's different between the N1S ($999) and N1S Ultra ($2,499).

Bose SoundLink Max Portable Bluetooth Speaker Carry in-hand Blue Bose SoundLink Max Portable Bluetooth Speaker Carry in-hand Blue

New Products

At $399, Bose SoundLink Max is a rugged portable Bluetooth Speaker that is ready for your summer of adventures in 2024.

Sonos Ace Wireless Bluetooth Headphones Lifestyle Collage Sonos Ace Wireless Bluetooth Headphones Lifestyle Collage

New Products

The first wireless headphones from Sonos will arrive June 5th for $449. Does the Sonos Ace have something up its sleeve?

BenQ W5800 Projector Front BenQ W5800 Projector Front

New Products

At $5,999, the BenQ W5800 4K Laser DLP Projector uses proprietary HDR-PRO technology for enhanced details on screens up to 200-inches.

You May Also Like

Digital Music Systems

At $329, WiiM Ultra is the company's top-of-the-line digital music streamer which adds a touchscreen, HDMI ARC and a subwoofer out.

News

2023 has been a year of disruptions and price increases for the major streaming platforms. What exactly is going on at Netflix, Disney, and...

Apps

Apple is joining Disney+ and Netflix just in time for the holidays with new price increases for Apple TV+, Apple Arcade and Apple News+....

News

Coming in 2025, a Netflix House retail and entertainment experience may be the perfect place for its binge watchers to connect in public.

News

Time may be running out to purchase physical media from Best Buy. DVDs, Blu-ray and UHD 4K titles won't be there for long.

New Products

Have room for a 120-inch TV? The Hisense L9H and L5H Laser TVs might just be better large screen TV alternatives.

HDTV 4K & 8K TV

Pioneer-branded TVs are back, but not in the way you think. Find out how Xumo and Best Buy are involved.

New Products

The new Amazon Fire TV Stick 4K and 4K MAX both support Dolby Atmos, Alexa, 4K HDR, and WIFi 6, while the 4K MAX...

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers