Netflix Price Increase 2017: How Much More Will Subscribers Pay?

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Netflix, Inc. (NASDAQ:NFLX) subscribers in the U.S. are going to start paying more for the streaming service thanks to a Netflix price increase.

Netflix Price Increase 2017: How Much More Will Subscribers Pay?

The Netflix price increase will have subscribers to two of the company’s three packages paying more. The standard package that allows for simultaneous streaming on two screens is now $10.99 per month. It was previously $9.99 per month.

The second package to be a part of the Netflix price increase allows for simultaneous streaming on up to four devices. The change to its price will now have subscribers paying $13.99 per month. This package was previously only $11.99 per month.

The one streaming package that isn’t being hit by the Netflix price increase is the one that only allows users to stream to a single device at a time. This service still continues to only cost customers $7.99 per month, reports Fortune.

Despite the Netflix price increase, the company is still offering its streaming service cheaper than rivals. It also has a larger pool of content for viewers to enjoy. The service benefits from cord cutters that aren’t interested in getting cable television.

Netflix has seen its subscriber base continue to grow in 2017. UBS analysts are expecting this trend to continue through the year and have increased their price target for NFLX stock to $225. It was previously set at $190.

Netflix’s selection of content changes from month to month as the service rotates out TV shows and movies while adding new ones. You can follow this link to check out some of the new films coming to the service in October.

NFLX stock was up 3% as of Thursday morning and is up 54% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.


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