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Netflix is going to increase the price of its plan. A new report has come out regarding this and Netflix lovers may be a little shocked to know this. Because now you will have to pay more money to watch content and a new decision can be taken soon regarding this. A report has come out and this report claims that by the end of this year, users may get a shock because the company is going to increase the price of its subscription plan.
Research firm Jefferies has presented a report regarding this. Along with this, the reason behind the subscription plan being expensive has also been given. The first reason is that it has been a long time since the price of the subscription plan was increased. The price of the plan has not been increased since January 2022, but now a decision can be taken on it. The second reason is that Netflix's cheapest plan is currently ad-supported. After the price increase, it will be made Prime. Talking about the last point, Netflix is also offering the option of live sports and this is expected to increase the user base.
The firm said that Netflix had increased the price of basic and premium plans in October 2023 itself. Due to this, demand for basic plans was seen. Now Netflix can consider a new plan to increase ARPU. Because doing so is going to benefit the company a lot. Right now Netflix is facing a revenue hit anyway.
The hint has already been given –
Netflix has already given a hint about this. Actually, the company had said that it is going to increase the price of its plan very soon. WWE RAW was recently launched on Netflix. The company says that now users will have to pay more for the content. However, no official statement has been given on this yet. If this happens, the plans will not only become expensive, but you will also get to see some new content.
