Just as the holiday season kicks off, Netflix is pausing the joy with another price hike coming to the streaming service.
In early November, many Netflix users reported receiving an email with information that their plan prices were going to increase next month.
The company says they sent out an email with details about the price change and that subscribers would receive the message one month before the billing date will increase.
In the email to members, Netflix stated that the price hike will allow the streaming service "to deliver even more value for your membership — with stories that lift you up, move you or simply make your day a little better."
Signage outside the Netflix Inc. office building on Sunset Boulevard in Los Angeles, California, U.S. on Monday, April 19, 2021. Netflix Inc. is scheduled to release earnings figures on April 20. (Photographer: Bing Guan/Bloomberg via Getty Images / Getty Images)
Over the summer, Netflix slammed the brakes on the basic membership without ads for new or returning subscribers, which had risen to $11.99 per month.
Netflix says if you are currently on the Basic plan, you can remain on the plan until you change plans or cancel the account.
Netflix launched an online store on Thursday, which will sell merchandise and apparel related to its TV shows and movies. (iStock) (iStock)
Netflix detailed the new prices and packages as follows, offering threes different options:
Netflix CEO Reed Hastings shows data with Netflix subscriber information. (getty Images / Getty Images)
The company says additionalmembers can also be added to the standard and premium plans for $7.99 each per month.