The monthly fee will rise from £ 8.99 to £ 9.99 for the Regular package, while the Premium package will increase from £ 2 to £ 13.999.
Netflix’s movie and TV subscription service raises the cost by £ 1 a month of the most popular bundles. The monthly U.K. tax. Subscribers will rise from £ 8.99 to £ 9.99 from February on the regular two-device bundle, while the cost of the premium package, which is common with larger families because it runs on several screens, will increase by £ 2 to £ 13. The business, which came to age in 2020 when consumers sought comfort with TV box sets and films, said the price increases reflect the money it has spent on new content. For customers with the most simple package of £ 5.99 a month, there would be no price increase, which allows users to watch Netflix on one screen at a time in standard definition, Netflix said.
Netflix shows such as Tiger King, Emily in Paris and, most recently, Bridgerton have been a big source of discussion amongst blocked Britons over the past 12 months. The amount of streaming content consumed by consumers increased by a third year-on-year during the first national freeze, which began in March 2020.
The share price increased from $300 in March to around $500 this week. Netflix, however, is steadily facing competition from competitors like Disney+, which has reported price increases from £ 2 a month to £ 7.99. “Netflix said, “We’re investing over $1 billion [£736 million] in the United Kingdom this year on fresh, locally made films, shows and documentaries, helping to build thousands of jobs and showcasing British storytelling at its finest – with everything from The Crown to Sex Education to Top Boy and many, many more. “Netflix was a lifeline during the freeze for many people, so this price rise is an un This price rise coincides with another national freeze, when we will all be watching more TV and movies than ever before. It’s unfortunate timing.