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New Netflix price hike and password sharing could be gone.

New prices of the Netflix streaming service in the US and the UK are going up and we look at the and password sharing.

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The cost of your plan has changed. This change takes effect Sunday, April 17th, 2022. You can view your updated membership details by visiting your Account.

With Netflix loosely stating in their last earnings call that are not enough people in the world who can subscribe to their service with their numbers twindling, Netflix will be increasing their monthly subscription rate as promised trying to bolster their revenue year on year.

Depending on what service you are currently on, depends entirely on how much the New Netflix Price will increase.

Netflix Price Increase

For the New Netflix Price for 4K premium streaming plan, prices will rise from $17.99 to $19.99 (£13.99 – £15.99) per month, the standard plan that allows you to stream simultaneous on two different screens in HD (not in 4K) will now cost you $15.49 instead of $13.99 (£9.99 – £10.99) and the basic plan will rise from $8.99 to $9.99 (£5.99 – £6.99).

Not only have the prices increased, Netflix also announced they may experiment with adverts in their main streaming app.

“We have always been focused on providing our members both quality and clear value for their membership,” said a Netflix spokesperson in a statement.

“Our updated prices reflect the investment we have made in our service and catalogue and will allow us to continue making the series, documentaries and films our members love as well as investing in talent and the creative industry. We offer a range of plans so members can choose a price that works best for them.”

That maybe so, but subscriptions services like Disney Plus are still $7.99 (£7.99) per month or a you can also bundle Disney Plus with Hulu and ESPN+ for a starting price of $14 per month.

What will happen to password sharing?

To increase revenue, Netflix have been experimenting trials of password-free sharing in some Latin countries like Chile, Costa Rica and Peru and other streaming video services may follow suit if successful in adding revenue.

This could add $1.6 billion to it’s top line, which is about 4 percent increase they expect to get in 2023.

In the trials, Netflix have setup Two-Factor Authentication which wouldn’t necessarily stop password sharing, but you would require one main email address or smartphone to allow you access Netflix on the new device that you want setting up.

Also, non password sharing will give them better statistics on who is downloading their mobile games.

Password Sharing Netflix Tweet

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