Netflix Just Raised Prices. Here’s How It Stacks Up to AppleTV+, Peacock and More | Global News Avenue

Netflix is ​​now the cheapest streaming service in the US

Netflix (NFLX) Interest rate hike decision Increases its ad-supported standard plan to $7.99 per month. This matches the cheapest plan offered by Comcast Peacock (CMCSA), but still a dollar or two less than what other major streaming services offer.

The ad-supported plan has recently driven Netflix sign-ups and accounts for more than half of new subscribers in the regions where it is available, the company said. Netflix believes it has improved the value of its service to subscribers, and So hopefully they pay moresaid co-CEO Greg Peters.

Here’s how Netflix’s new prices compare to what peers are currently charging:

• Netflix’s standard plan is $7.99 per month with ads and $17.99 per month without ads. Its premium plan, which allows more people to stream higher-quality media simultaneously, costs $24.99 per month.
• Peacock’s cheapest plan costs $7.99 per month or $79.99 per year. Limiting ads with the “plus” version costs $13.99 per month or $139.99 per year.
• Amazon (Amazon) Videos for Prime members are included in the cost, but non-Prime members can subscribe for $8.99 per month, or $11.98 per month to avoid ads.
• Hulu’s ad-supported plan costs $9.99 per month or $99.99 per year, and an ad-free subscription costs $18.99 per month.
• Apple TV+ is priced at $9.99 per month and does not include advertising on Apple-produced content.
• Disney+ (DIS) The basic plan with ads is $9.99, and the premium version without ads is $15.99 per month, or $159.99 per year.
• Warner Bros. Discovery Channel’s (World BD) Max costs $9.99 per month or $99.99 per year for ad-supported streaming. Its ad-free alternative is priced at $16.99 per month or $169.99 per year, while the product that can be viewed by more users simultaneously is priced at $20.99 per month or $209.99 per year.

Netflix executives discussed their content strategy during a conference call on Tuesday, including their focus on live program. this Inventory is higher in today’s transaction.