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Netflix changing pricing for the better

You love Netflix. Who doesn’t?

More than 130 million subscribers funnel billions of dollars into the No. 1 streaming service. You binge-watch your favorite shows like “NCIS,” “That ’70s Show” and “Great British Baking Show.”

You watch Netflix originals like “Orange is the New Black” and “Marvel’s Daredevil.” You also stream blockbuster movies like “Black Panther,” all from the comfort of your home.

Bonus: Discover some secret codes that can unlock more shows on Netflix.

Now, there’s more good news from Netflix – they might be lowering subscription prices soon. But keep reading because there’s be a catch.

The good news

Netflix is a pretty good value for its many subscribers. The basic plan is $7.99 a month for one screen but not in high-definition. Then there’s the $10.99 plan. That gives you high-definition TV on two screens. The premium plan is $13.99 in ultra HD on four screens.

Now, Netflix is thinking about experimenting with a fourth, cheaper plan.

Netflix hasn’t said what will be offered at the lower rate. It also hasn’t yet said when or where the new rate will be tested.

The catch

Unfortunately, you may never see this fourth, lower-rate plan if you live in the United States. Netflix will most likely test it out in Asia, although that hasn’t been confirmed yet.

Asia is where Netflix is having some challenges growing its subscription base. They’ve recently ramped up production of TV shows and movies in Asia, notably in India. Their strategy is to lure in more subscribers there, and the new rate plan is tied into that.

Some countries in Asia offer competing streaming services for a lower price than Netflix.

This new tier could also give Netflix a weapon in the battle with other streaming services that are launching or are planned, like Disney+, WarnerMedia and CBS All Access. Those services are more focused on brands, and they’re expected to be offered at a lower price than Netflix. With a cheaper plan and focused options, Netflix could compete directly.

Details aren’t available yet, but keep checking with for the latest on Netflix and other streaming services.

Bonus: How to get Netflix for free

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