Netflix Announces Price Hikes Following Record Subscriber Growth
Netflix has reported its largest-ever surge in subscribers, adding 19 million new members recently. In response to this growth, the streaming giant is raising prices across multiple subscription tiers. The standard plan will increase to $17.99, while the ad-supported tier will now cost $7.99 per month. This marks the first price hike for the ad-supported plan and is part of a broader strategy to boost revenue as the company continues to invest in high-quality content, including sports and live events. The increase has sparked frustration among some fans, with monthly rates now ranging between $8 and $25.
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