Netflix has raised their priced in the UK and US
Netflix has raised their priced in the UK and US
Netflix has confirmed that they will be raising their prices in both the UK and US, the first increase in price for two years. This will raise the price of Netflix’s standard subscriptions by 50p and $1 in the UK and the US respectively to become £7.99 and $10.99.
In the UK Netflix’s basic subscription will remain at its current price of £5.99, though this subscription will not offer High-Definition (HD) content viewing. The UK’s premium Netflix subscription plan will also be receiving a price increase of £1 per month to become £9.99, this option offers the ability for four users to stream simultaneously.
This change in Netflix’s pricing structure will affect new subscribers immediately, though existing Netflix users will be notified of the change 30 days in advance to allow them to cancel their subscription or change to a different subscription before the price change takes effect.
(This price increase comes shortly before the release of Stranger Things Season 2)
Back in July Netflix has stated that they have over 104 million subscribers globally, with company revenues increasing by 32% in Q2 2017 to become $2.8bn.
You can join the discussion on Netflix’ price increases on the OC3D Forums.