Just recently, Netflix revealed that they would be increasing their standard plan and premium tier.

The new pricing for the standard plan is now $14 while the new premium tier cost increased by two dollars, making it $18 a month.

New subscribers will have to pay this updated monthly fee while current subcribers of the popular streaming platform will see the new prices over the next few weeks as customer’s billing cycles will be updated.

Currently, Netlfix is looking to invest more into their content as well as product features. The streaming platform as increased its annual content budget every year for the past seven years.

What are your thoughts on this?

Will you stay on Netflix after the increase in plans? Let us know in the comments below.