Netflix adopts record price hike as streaming competition heats up

Published January 15, 2019 4:18pm ET



Netflix is raising prices by a record amount amid growing competition and a shift to original programming over licensed content.

The fee for the most popular unlimited streaming plan will climb 18 percent to $13 per month, the largest increase in the firm’s 12-year history, according to the Associated Press. Its cheapest plan will rise to $9 a month, up from $8, while a premium offering will increase to $16 a month.

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