Netflix to implement price hike for its subscription plans

Netflix to implement price hike for its subscription plans Netflix is contemplating a price increase amid a challenging content production landscape and growing competition in the streaming sector. Netflix previously increased the prices of its subscription plans last year, including raising the cost of its ad-free Standard tier to $15.49 per month and the Premium plan to $19.99 per month. Earlier this year, Netflix also intensified efforts to combat password sharing and began charging an additional $7.99 per month for sharing accounts with individuals outside of one's household. The latest price hike considerations come as Netflix navigates a complex landscape of content production and increasing competition within the streaming industry.