Netflix Subscription Plans Get Pricier; This Is How You'll Be Impacted

Miley Adam

Netflix is squeezing a bit more out of its customers.

The second season of Stranger Things is set to launch later this month, but we also have some bad news to go along with it. Netflix has announced an increase in subscription prices for USA customers.

Its most useful subscription plan will see an even larger increase in its price.

A basic plan that offers streaming to a single screen will remain $7.99 monthly in the US.

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So far over 15 lakh out of the 90 lakh registered businesses have opted for the composition scheme . The Prime Minister has just tweeted about the changes to the GST regime.

"This price increase will likely be a revenue growth catalyst for the company", RBC Capital Markets analyst Mark Mahaney wrote in a client note.

Last year, Netflix raised its standard HD plan to $9.99 per month, up from $8.99. Notifications will be sent out to customers October 19 with a 30-day notification to allow customers to opt-out if they want. Current subscribers won't see the price hike for several weeks, and Netflix will alert existing customers before implementing the increase.

Patterson maintained his outperform rating on Netflix and his $205 12-month price target.

The online media business ended the U.S. trading day around 5% higher Thursday, which brings the year-to-date gain of the company's stock price above the 50% mark.

Breast cancer awareness month
Susan Dennehy is a clinical nurse specialist with the Winnipeg Regional Health Authority's Breast Health Centre. The OBSP at WHGH provides free screening mammograms to women aged 50 to 74 with no signs of breast cancer .

The company has not been shy about needing increasingly more cash to fund its content goals and continue to drive growth.

Netflix won't tell you who is watching what or how many people are tuning in, but they will raise the price of the middle- and top-tier subscription plans. Over the next year, the company expects to spend $7 billion on original material to stream. But don't think we didn't notice, Netflix. The newest price hike is a 10 percent increase. That's not where the price increase ends, though.

For users on the basic place in the United Kingdom this will stay at a cool £5.99 per month for the standard and premium memberships will cost you that bit extra.

Oil steady as talk of new OPEC deal balances US exports
Al-Falih noted that Aramco's IPO will be used as a catalyst for the opening up of the Saudi economy. These are part of efforts by two of the world's biggest oil producers to increase cooperation.

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