If you are one of the millions of people in New York who have cut the cord in hopes of saving some money, here is some bad news for you.

Netflix announced this week they are set to implement another rate increase on all their streaming packages.

According to the company, they had one of their biggest jumps ever in subscribers after holding several special events like the Roast of Tom Brady, the Mike Tyson/Jack Paul Fight, and NFL games on Christmas, but it wasn't enough to cancel the rate increase.

Here is a look at how the rate increase will impact you if you subscribe to Netflix.

The standard monthly membership will increase from $15.49 per month to $17.99 per month.

A standard monthly membership with ads will increase from $6.99 per month to $7.99 per month.

The highest tier with 4k quality videos will increase from $22.99 per month to $24.99 per month.

This is the first increase to their subscription rates since 2022.

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Netflix reported an increase in revenue by over 16% in the 4th quarter of 2024 and exceeded $10 billion dollars for the first time in company history.

The rate increase is set to happen on your next billing cycle, so depending on when you signed up for Netflix is when you will be impacted by the increase.

Netflix is not alone as a streaming service that has increased rates over the past couple of years. Peacock, Hulu, Disney+, and Apple TV have all issued rate increases to subscribers.

If you want to continue to watch your favorite shows and sports get ready to pay more for it in 2025.

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