Netflix Drops Cheap Plan; Peacock Hikes Prices
26 Video Views·Jul 29, 2024
You might soon see higher costs for streaming services, as Netflix phases out its lowest-priced ad-free plan in the U.S., and Peacock announces a rate increase for subscribers.
Netflix announced it is discontinuing its $11.99 ad-free Basic Plan in the U.S. and France,
potentially pushing more viewers toward its cheaper, ad-supported option.
The Basic Plan was already removed from the U.K. and Canada,
and is no longer visible on the Plan & Pricing page for U.S. customers.
The Netflix Help Center page has stated,
The Basic Plan has been discontinued. You can change your plan at any time.
Other Netflix plans include a $6.99 monthly option with ads,
a $15.49 monthly standard HD video quality plan with no ads,
and a $22.99 premium Ultra HD plan with no ads.
Peacock also announced they are raising its rates for subscribers.
Customers will now pay $8 monthly for Peacock Premium and $14 for Peacock Premium Plus.
Annual Peacock plans are rising from $60 a year to $80 for premium packages,
while premium plans are jumping from $120 to $140 a year.
Peacock's website notes that the rate change effective July 18th
will apply to new subscribers, while existing subscribers will
maintain their current rates until their next billing cycle on August 17th, 2024.
Christina Corona, NTD News.