Bad news ... Netflix is increasing its prices

Here's how much its most popular package will go up.

Netflix is increasing its subscription prices for the first time in two years.

The streaming giant is raising the price of its mid-range plan (the most popular option), which allows people to watch programs simultaneously on two different devices and offers HD viewing.

This package currently costs $9.99, but starting in November it will cost $10.99, Netflix told GoMN.

It's top package meanwhile, which offers ultra-HD or 4K viewing, is rising from $11.99 per month to $13.99.

Its basic package, which limits subscribers to one screen at a time in standard definition, will stay at $7.99 a month.

The Tip Jar: Are online TV streaming packages cheaper than cable?

Subscribers will start being notified on Oct. 19, and will be given 30 days to accept the new terms.

The company says since it last increased the price, it's added new interactive content and a downloading feature to its service, so it's hoping subscribers think it's worth the extra $1-2.

The Associated Press says the price rise is being driven by Netflix's efforts to increase its profit margins as it plunges billions of dollars into its popular original content, including Stranger Things and House of Cards.

Netflix's most popular package is more expensive than Amazon Video ($99 a year for a Prime membership) and Hulu ($7.99 a month with commercials, $11.99 without).

Eventually, cord-cutters will have to make choices

By the Tip Jar's Adam Uren

I'm as big a cord-cutter there is, turning my nose up at expensive cable packages that I don't think come close to offering value for money, in favor of streaming packages more tailored to my needs.

But it's inevitable that the costs of these packages will rise, particularly if they're spending as much producing original content as Netflix does ($6 billion this year alone).

Eventually, the drip-drip of gradual price rises will add up, to the point where the suite of streaming packages to which you subscribe will cost close to what you'd pay for cable.

At that point, there will be cord-cutters who face a choice of continuing to pay for the content, or asking themselves which streaming services they can live without.

Next Up

Karl-Anthony Towns

Wolves-Grizzlies game off, KAT tests postive for COVID

The Timberwolves star was among several players that are dealing with COVID-related issues.

minnesota state fair

Planning for the 2021 Minnesota State Fair is underway

The fair suffered huge financial losses due to COVID-19, but organizers are moving forward with planning "different scenarios" for this summer.

Screen Shot 2021-01-15 at 2.16.44 PM

Heather Brown named as new WCCO 'This Morning' anchor

She will be joining Jason DeRusha on the CBS affiliate's Morning Show.

DPS John Harrington

DPS Commissioner: No credible threats to state Capitol, but ready if something arises

Local and state law enforcement officials have a plan in case a threat arises.

snow, slush (submitted photo, ok to use)

Here are snow totals from Thursday-Friday winter storm

It's a slushy mess in the metro, but snow did pile up in southern counties.

tim walz

Walz fury after report that government's COVID vaccine reserve is nonexistent

The Washington Post reported Friday that the Trump Administration has shipped out all the vaccines it has already, with none in reserve.

closed sign

What's open and closed in Minnesota on MLK Day 2021?

Local government offices will generally be closed on Monday.

BMTN 900x450 (8)

Company that falsely promised student loan forgiveness banned from MN

It's also been ordered to repay $11,499 in fees taken from Minnesotans.

covid-19, coronavirus

Here is Minnesota's COVID update for January 15

Hospitalizations are the lowest in Minnesota since October 25.


Osterholm: B117 COVID strain could become major issue in 6-8 weeks

The B117 variant is believed to be more easily transmitted.


Comcast will now include Netflix in cable bundles

The cable provider is expanding its partnership with Netflix.

Netflix announces largest subscription price hikes since launching

The online streaming platform will up the cost of all of its subscriptions.

US Internet is increasing its fiber speeds, but also its prices

The fiber optic internet network has been expanding across Minneapolis.

The strangest things in Netflix's end of year report

Someone watched 'Pirates of the Caribbean' every day for a year.

Disney hikes ticket prices at its Florida, California theme parks

It'll cost you more to visit Disneyland and Disney World.