The Silver Ink

Sunday, December 8, 2019
Log in
  • United States & World
  • Techie
  • Business & Company News
  • Discovery
  • Lifestyle

Pages

  • About The Silver Ink
  • Advertising
  • Contact US
  • Investor Relations
  • Our Team
  • Privacy Policy
  • Privacy Policy GDPR
  • Sec Disclosure
  • Terms of Use

Recent Posts

  • David The Puzzle Man Butler Uses His Newfound Hobby to Help Community June 29, 2018
  • Diamond Thief Arrested in Chicago Days After Stealing $133,000 Worth of Precious Stones June 29, 2018
  • Colorado Goth Metal Band Founder Stabs Homeless Person to Death in Back Alley June 28, 2018
  • Irate South Carolina Woman Cusses Out Black Teens at Pool, Assaults Sheriff’s Deputy June 27, 2018
  • Georgia Couple Arrested For Keeping Mentally Challenged Daughter Locked Inside Room for Months June 27, 2018
  • Washington Man Paralyzed After Run-in With Gun-Toting Carjacker June 26, 2018
  • Autistic Boy Admitted to Emergency Room After Being Impaled By A Plank of Wood June 25, 2018

Netflix to Hike Prices 10% to 17% in the United States

October 8, 2017 By Dave Smith Leave a Comment

Email, RSS Follow

House of Cards posterNetflix said it needs to raise the price for its best-selling plan in the U.S. by 10 percent because it needs more money to create shows that can rival Amazon’s and HBO’s. The price change will affect 53 million people in the United States.

Subscribers of the HD video streaming plan that enables them to watch Netflix shows on two different devices at the same time would have to shell out $11 in the coming months. The price for Netflix’s 4K video streaming service will jump from $12 to $14, which is a 17% increase. The $8 plan that enables users to watch the shows on only one Internet-connected device will not see any price changes.

Netflix announced that the price increase is the first since 2015. Longtime subscribers, however, may disagree with the claim since their prices were frozen when the company hiked rates the last two times.

Original Shows Aren’t Cheap

This time, the video streaming service won’t spare anyone as it said it would start emailing all subscribers about the new prices in mid-October. Subscribers will have 30 days to refuse or accept the changes. They’ll have to either buy a cheaper plan or scrap the service.

Netflix said that the price increases are needed to boost its profit margins, which had to suffer because of massive investments in original shows like “Orange Is the New Black,” “The Crown,” or “House of Cards.”

The original programming enabled the company to secure more Emmy award nominations than any of its competitors except HBO. Between 2013 and 2017, the number of Netflix’s subscribers nearly doubled, which is mainly due to its original shows.

The video streaming network said that original programming didn’t come cheap. This year, the company expects to fork out $6 billion on exclusive TV series. The costs may rise even more as the competition against Amazon, YouTube, HBO, and Hulu is fierce.
Image Source: Flickr

Email, RSS Follow

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Business & Company

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 24 other subscribers

first humans who arrived in North America

First Humans Arrived In North America 10000 Years Earlier

January 17, 2017 By Dave Smith Leave a Comment

gold coin

Rare Gold Coin Found In a Toy Pirate Treasure

October 27, 2016 By Kyle Mills Leave a Comment

clothing material

Air conditioning could be replaced with clothing material that keeps you cool

September 2, 2016 By Carrie Davis Leave a Comment

proxima centauri star

Scientific Breakthrough – Habitable Planet near Proxima Centauri

August 27, 2016 By Dave Smith Leave a Comment

USS independence

Deep Sea Exploration Of World War II Vessel

August 23, 2016 By Dave Smith Leave a Comment

statue of Zeus

Ancient Zeus Sacrifice Skeleton Found In Greece

August 12, 2016 By Dave Smith Leave a Comment

white robot

Robot Exoskeleton Could Improve Life Of The Disabled

August 11, 2016 By Dave Smith Leave a Comment

Bird Fossil Holds Answers to Life After Dinosaurs

October 30, 2015 By Dave Smith Leave a Comment

Polar Bears Are Slowly Dying Due to Climate Change

September 17, 2015 By Stephanie James Leave a Comment

Study Shows Birds Also Fall in Love

September 15, 2015 By Jeff Suchon Leave a Comment

Man-made Climate Change Produces the Highest Temperatures Ever

September 14, 2015 By Dave Smith Leave a Comment

Researchers Discover Why Sweetgrass Is An Efficient Insect Repellent

August 19, 2015 By Jeff Suchon Leave a Comment

The Drinkable Book Could Be The Easiest Way To Clean Water

August 18, 2015 By Jeff Suchon Leave a Comment

Study Reveals Venomous Frogs Are More Dangerous Than Pit Vipers

August 8, 2015 By Kyle Mills Leave a Comment

Related Articles

  • Emergency door.

    Disturbed Passenger Pretending to Be God Tried to Break Open Plane’s Emergency Door

    Mar 6, 2018
  • Indian men wearing traditional suits

    India Bailing Out Banks for $32 Billion

    Oct 26, 2017
  • Presidential candidate Donald Trump

    Trump Drops 92 Spots on Forbes Billionaire List

    Oct 19, 2017
  • German finance minister Wolfgang Schäuble

    Germany Warns of Looming Financial Crisis

    Oct 10, 2017
  • Dog sniffing Tesla Powerwall

    Tesla Shipping Hundreds of Battery Packs to Puerto Rico

    Oct 3, 2017
  • London City

    London Shows Uber the Door

    Sep 24, 2017
  • Corner store in New York

    Hipster Vending Machines Could Put Bodegas Out of Business

    Sep 17, 2017
  • Campbells' soup on a shelf

    Retailers Squeezing Lower Prices from Prepackaged Food Companies

    Sep 3, 2017
  • Walmart store

    Google and Walmart Start Collaborating in their Fight Against Amazon

    Aug 25, 2017
  • Google headquarters

    Pittsburgh Mayor Blasts Anti-Google March Slated for Saturday

    Aug 17, 2017

Categories

  • Automotive & Aviation Industry
  • Business & Company
  • Capital Markets
  • Discovery
  • entertainment
  • Health
  • IT & Diversified Sector
  • Lifestyle
  • Nature
  • Science
  • Techie
  • Uncategorized
  • United States & World
  • World

Copyright © 2019 thesilverink.com

About · Privacy Policy · Terms of Use · Contact

Cookies

This website uses cookies to ensure you get the best experience on our website. Learn more.