You're about to pay a lot more for Netflix. Yesterday, they announced their largest price-hike in their 12-year history, and their second increase in 15 months.
The standard, most popular plan will go from $11 per month to $13 . . . the lowest plan will go from $8 to $9 . . . and the highest plan with ultra-high definition will jump from $14 to $16.
So most people will be paying another $2 a month, or $24 a year. The rate change will be phased in over the next three months for all their current customers. And it'll be immediate for any new subscribers.
Last month, they dropped $100 million to keep "Friends" for another year, and "Variety" says they spent $13 BILLION on content last year. For comparison, HBO "only" spent $2.5 billion in 2017, and CBS spent $4 billion.
According to "The Verge", Netflix premiered "approximately 700 original shows in 2018 alone, and is expected to develop more this year."