Netflix hikes subscription price for 4K TV owners

Netflix is now charging a premium for access to 4K streaming. Access to 4K — also known as Ultra HD — now requires a “platinum” plan, which costs $ 11.99 per month. Previously, members on Netflix’s typical HD streaming plan, which increased from $ 7.99 to $ 8.99 earlier this year, could access the company’s limited collection of 4K content. The premium plan also lets four separate users stream video at once on one account, compared to two on the typical HD subscription.

A Netflix spokesperson told Variety that the price change comes in response to the increased costs of producing, acquiring, and distributing 4K content. Currently, 4K service only functions with a limited number of 4K TVs from Samsung, LG, Sony, and Vizio, and requires a…

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