Streaming inflation: Netflix upping subscription prices by 10%

Netflix is increasing the cost of some of its subscription plans in the United States, the UK, and France. Prices will be going up for the Basic and Premium plans in those three countries.

In the United States, the price of the Basic plan will increase from $9.99 to $11.99 per month, while the price of the Premium plan will increase from $19.99 to $22.99 per month. The ad-supported tier price will remain the same at $6.99 per month, as will the $15.49/month Standard plan.

[Netflix also reported a 9% year-over-year increase in average paid memberships, adding 8.8 million subscribers last quarter. That’s compared to 2.4 million in the third quarter last year. Overall, Netflix reported 247 million paid global subscribers in the third quarter, CNN reported.

[The company attributed some of its strong subscriber growth to its continued password-sharing crackdown. Netflix said it has officially rolled out its “paid sharing” program in every region where the company operates, and fewer customers than they expected cancelled their memberships as a result. Rather, many customers who previously borrowed passwords from others are converting into full paying subscribers, according to Netflix.]

For more details, read the full story at MacRumors.