netflix announces price hikes for us customers

As reported by The Verge, Netflix is announcing new rates for US-based subscribers. Currently, the streaming service offers three-tiered plans. The entry-level Basic $9 plan only allows for a single stream at up to 480p resolution and remains unchanged. The next tier – Standard, which is Netflix’s most popular, is being increased from $13/month to $14 – this plan allows for up to two simultaneous streams at up to 1080p resolution.

Finally, the Premium tier is going from $16/month to $18. This tier allows for up to four simultaneous streams at up to 4K resolution.