Netflix's monthly subscription price has been raised again, the sixth time since 2014

Netflix's monthly fee has increased again, marking the sixth time Netflix has raised its subscription price since 2014.

Netflix has updated its official pricing plans on its website, reflecting an increase of $1 for the standard version and $2 for the premium version, the latter of which supports 4K streaming. The new monthly fees are:

The standard membership is now $15.50, up from $14.

4K Premium membership is now $20, no longer $18

Basic membership is $9.99 and does not support HD streaming

Netflix US membership price

Netflix first raised its membership price to $8.99 in 2014, and has since increased its price by $1 or $2 roughly every two years.

Netflix told Reuters that the price change was made “in order to continue to offer a broad, high-quality entertainment offering. As always, we offer a range of plans so members can choose the plan that best suits their budget.”

Current Netflix Hong Kong membership prices