Netflix raises UK prices to cover cost of content

[Entea 35,281]

Quote

Netflix is raising the cost of some of its UK subscriptions from next month, its customers have been told. The streaming service said the price rises reflected money spent on content. Its standard monthly package will go up from £8.99 to £9.99 and its premium one will rise from £11.99 to £13.99, but its basic plan remains at £5.99.

However, comparison site Uswitch said the timing of the price rises was unfortunate with UK citizens living under new national lockdowns. The streaming service's subscriber numbers have jumped during the pandemic, with almost 16 million new customers added worldwide in the first three months of 2020 alone. In the UK, during the first national lockdown which started in March 2020, the amount of streaming content watched by consumers rose by a third compared with the previous year.

But Netflix faces tough competition from rivals, such as Disney+, which has also announced price rises of £2 per month up to £7.99 or £79.90 for a full year. Netflix said: "This year we're spending over $1bn [£736m] in the UK on new, locally-made films, series and documentaries, helping to create thousands of jobs and showcasing British storytelling at its best - with everything from The Crown, to Sex Education and Top Boy, plus many, many more. "Our price change reflects the significant investments we've made in new TV shows and films, as well as improvements to our product."

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[Chris 58,350]

On one hand it sucks cos lots of people are out if work or have less work = less pay
But on the other, Netflix and it's actors and directors, etc all need to be paid fairly for their jobs too. 

[Guest]

Glad that I unsubscribed two months ago  

[Shawn's Slave 19,523]

It's way too expensive and the content is limited in Australia, too. 

[Miss Show Business 1,200]

What's the difference between the basic and premium plan? Honestly I understand them having to raise the price sometimes, and I am so appreciative they have never used ads.

[Jake 19,498]

2 minutes ago, Miss Show Business said:

What's the difference between the basic and premium plan? Honestly I understand them having to raise the price sometimes, and I am so appreciative they have never used ads.

4k is offered in the premium plan and more screens available to use for streaming @ once

[Princess Aurora 31,343]

Mess  

[Entea 35,281]

They couldn't have timed it better