What's the Monthly Cost of Netflix? (Updated June 2024)
Netflix began as a DVD-by-mail operation that rendered Blockbuster obsolete. The company dabbled with streaming in its early days, eventually going all-in and pouring untold billions into developing its own shows and movies. Today, Netflix is the undisputed king of the streaming industry. With the recent addition of ad-supported plans, Netflix offers a wide variety of subscription options.
What is Netflix?
Netflix is a popular American media-services provider that has revolutionized the way people consume entertainment content. Founded in 1997 by Reed Hastings and Marc Randolph, the company initially focused on providing a subscription-based service that allowed customers to rent DVDs by mail. However, with the rise of streaming technology, Netflix shifted its focus to online streaming in 2007, and the rest is history.
Netflix is the largest online streaming service in the world, with over 220 million subscribers in over 190 countries. The platform offers a vast library of content, including TV shows, movies, documentaries, and original content produced exclusively for Netflix. The company's original content has been a major driver of its success, with hit shows like "Stranger Things," "The Crown," and "Narcos" attracting millions of viewers worldwide. Netflix's content is available in multiple languages, making it a truly global entertainment platform.
One of the key factors that have contributed to Netflix's success is its user-friendly interface and personalized recommendations. The platform uses advanced algorithms to suggest content based on a user's viewing history and preferences, making it easy for users to discover new shows and movies they might enjoy. Additionally, Netflix's "binge-watching" model, which allows users to watch entire seasons of a show at once, has become a cultural phenomenon, with many users devouring entire series in a single sitting. Overall, Netflix has disrupted the traditional TV and movie industries, and its impact on popular culture is undeniable.
How much does Netflix cost?
Netflix offers three distinct membership options in the United States. The company recently cracked down on password sharing and charges an extra monthly fee for sharing a subscription with those outside of the subscriber's household.
- Standard with ads: This is by far the cheapest option Netflix offers. For years, the company shunned advertisements and focused on ad-free subscriptions. As growth slowed, Netflix reversed course and embraced ads. The Standard with ads plan is priced at just $6.99 per month, and includes nearly all of Netflix's content. Notably, subscribers are free to download content on two supported devices.
- Standard: There's a big jump in price required to remove ads from Netflix. The Standard plan is free of ads while sporting the same list of features as the ad-supported plan. This plan will cost you $15.49 per month, more than double the price of the ad-supported plan. Under the standard plan, one non-household member can be added for an additional $7.99 per month.
- Premium: Another big jump to $22.99 per month unlocks Ultra HD quality, the ability to watch on four devices simultaneously (compared to 2 devices for the other plans), and Netflix spatial audio. With the Premium plan, up to 2 non-household members can be added for an additional $7.99 per member per month.
Netflix is also available in some bundles and packages offered by third parties. Verizon's latest wireless plans, for example, offer the option to add an ad-supported Netflix subscription along with an ad-supported Max subscription for $10 per month. Netflix is also available as part of a bundle with Peacock and Apple TV+ offered through Comcast.
Do you know where your money goes?
Most people don't even realize they're overspending on thier streaming services because they have no idea where they're money is going. It's not thier fault — the cost of everything is going up, and it's easy to lose track of subscriptions and recurring expenses.
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