Fans have been less than thrilled with Netflix as we’ve watched them cancel one Marvel series after another and now the streaming giant is planning on raising their rates. This isn’t a small price hike either as their monthly fee is going to be going up from 13 percent to 18 percent in the near future. Marvel fans are still getting used to no longer having new episode of ‘Daredevil‘, ‘Iron Fist‘, and ‘Luke Cage‘ on the service with ‘Jessica Jones‘ and ‘The Punisher‘ likely on their way out as well but now we’ll have to pay more for less content.
The most popular plan which is the HD feed with two devices is expected to go from $11 to $13 with the least expensive going from $8 to $9 a month. For those of you who live it up with the ultra-HD 4K option having a jump from $14 to $16. While these increments are small for many consumers, they quickly add up, and for anyone on a budget, every dollar counts.
According to the company they revealed the plan changes and said in a statement that “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience.”
The new rates are said to help pay for the massive content investment which ended up being nearly $8 billion in 2018 alone with even more going into new productions over the coming year. Just, none of it will be for Marvel fans. Some viewers might be tempted to vote with their dollar and cancel their accounts but in the grand scheme of things that will likely be a drop in the bucket of active subscribers.
The streaming giant has raised their prices four times since inception with the last hike dropping in 2017. If you’re planning on subscribing this new price is the only option to go with while existing members will see the price increase hit their bills in the coming months.
Are you annoyed that Netflix is raising their prices or does it not really matter in your budget? Does it feel a bit like a pain for consumers who had subscribed initially due to the new Marvel shows being released each year? Share your thoughts in the comments below!
Source: Entertainment Weekly