Netflix announced Tuesday that it is raising prices on all of its subscription levels effective the next billing cycle.
The ad-supported tier with commercials is increasing from $6.99 to $7.99 per month, or 14 percent, while the standard ad-free tier will go from $15.49 to $17.99 per month, or 16 percent .
The highest-priced premium tier is also increasing from $22.99 to $24.99 per month.
This marks the first time Netflix is raising the price of its ad-supported tier, which it introduced in 2022.
Netflix’s latest price increases are part of an industry-wide trend that has seen the price of streaming subscriptions soar far faster than the rate of inflation. At the same time, streamers are introducing commercials as a way to boost their bottom lines.
As Breitbart News reported, YouTube TV customers were livid after the streamer announced it would hike its prices by 13.7 percent in December, with a subscription now costing $82.99 a month, up $10 from $72.99.
The price hike enraged many longtime subscribers, some of whom remember when the live TV streaming service cost just $35 a month ten years ago.
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