netflix orange is the new black

If you’re a Netflix subscriber, you will see a slight increase in your monthly bill soon.

Netflix is raising its rates on all of its plans for U.S. subscribers. The cheapest basic plan will cost $9, up from $8; its most popular HD standard plan will cost $13, up from $11; and its 4K premium plan will cost $16, up from $14, reports CNBC.

This is the company’s biggest increase since launching its streaming service 12 years ago. The last rate increase came in October 2017.

The rate increase goes towards Netflix’s continued effort to churn out original movie and T.V. series, as well as the cost to have popular content available for streaming. Netflix has committed to spending over $18.6 billion on content, reports the New York Times. In fact, Netflix will pay approximately $100 million to keep “Friends” on the service through the year, adds New York Times.

The rate increase goes into effect immediately for new customers and will start in about three months for new customers.

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Andrea Hinds
Andrea has always loved the written word. She holds a B.A. in Journalism and a Masters in Creative Writing, both from Belmont University. Both sides of her family have lived in Williamson County for generations, so writing for Williamson Source is the perfect fit. She loves to hear stories of what Williamson County was like when her parents and grandparents were young and to write about this ever evolving county is truly special for her.