MOON TOWNSHIP (RMU SENTRY MEDIA/CNN) – The popular online streaming service Netflix is raising its prices.
The movie and television streaming company will raise prices for all streaming plans amid heavy investments in new programs. All three of Netflix’s offered plans will rise in price by $1 or $2.
Netflix’s most popular streaming plan, the standard plan, which allows subscribers to watch HD videos on two screens at once, will increase from the current price of $11 to $13.
Members that join Netflix immediately will be charged the high prices initially.
Netflix competes with other streaming services such as Amazon’s Prime Video, Hulu, HBO Now and more. On Monday, NBC Universal announced a streaming service which is planned to go live in 2020. According to NBC Universal, the ad-based streaming service will be available to their more than 52 million paying customers.
[email protected] Announces Direct-to-Consumer Streaming Service and New Leadership Structure https://t.co/TAWCZu94V6
— NBCUniversal (@NBCUniversal) January 14, 2019
Netflix came to Pittsburgh in 2018 during the filming of its hit television show “Mindhunter.” The Netflix original television show filmed at the City-County Building in downtown Pittsburgh and cast many Pittsburghers to partake in the filming. The thriller series is set to release this year.
The price increase for all Netflix users will take effect within the next several months.
Tuesday shared for Netflix were trading 6% higher at open on Wall Street.