Netflix Raises Prices, Invests in Content

0:00It's March 27, I'm Cory with the story, and this is Birmingham News today. Your AI-powered local news Netflix is hiking prices across all its subscription plans for the second time in just over a year. Every tier sees an increase of at least $1 a month. The ad-supported basic plan now runs $8.99. Standard ad-free service jumps to $19.99, while premium goes up to $26.99. Remember ad-ons also rise by $1 each. Current subscribers will feel the pinch soon, with emails going out in the coming weeks, and charges hitting accounts about a month later. New signups already face the higher rates. Netflix is pouring $20 billion into content this year to build its library and fund fresh shows. The company eyes revenue topping $50 billion by 2026. These moves aim to support ongoing investments, ensuring plenty of new movies and series keep streaming strong.