Netflix is about to get more expensive for U.K subscribers as the firm plans to raise the price of its standard subscription to £8.99. The firm will also be raising its Premium plan from £9.99 to £11.99, £2 increase.
While Netflix’s basic subscription is still available for £5.99, it appears to be a perfunctory offering. Users will be able to stream Netflix on one device and in Standard Definition only. Hardly worth the effort in a multi-device FullHD (at minimum) world.
A Netflix spokesperson told the Guardian:
We change our prices from time to time to reflect the significant investments we’ve made in new TV shows and films, as well as improvements to our product. We have more than 50 productions planned in the UK this year, including new seasons of Black Mirror, Sex Education and After Life. Our basic membership will remain at the same price, ensuring as many people as possible can enjoy our content.”
Netflix will face competition with Disney’s Disney+ service which launches at $6.99 later this year. It would be interesting to see just how Disney’s pricing affects the older streaming service when consumers have to choose.