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Netflix announce immediate price hike for all customer – how much it will cost?

Netflix announced an immediate increase in prices for its subscription packages for new and existing customers.

The streaming giant said the price changes would allow it to “continue to invest in best-in-class British productions” and “offer customers a wide selection of quality shows and films”.

Netflix explains the price increase for customers

A Netflix A spokesman said: “We have always focused on providing our members with both quality and clear value for their membership.

“Our updated prices reflect the investment we have made in the service and catalog, and will allow us to continue shooting series, documentaries and films that our participants love, as well as investing in talent and the creative industry.

“We offer a number of plans so members can choose the price that works best for them.”

In Ireland the base plan will increase by one euro and two euros for the Standard and Premium levels respectively.

Price changes occur immediately for all new entrants, while existing entrants will be notified by email 30 days prior to entry into force, depending on their specific payment cycle.

The UK is the largest Netflix manufacturing hub outside the US and Canada with a production budget in the UK in 2020 of $ 1 billion.



Netflix announce immediate price hike for all customer – how much it will cost? Source link Netflix announce immediate price hike for all customer – how much it will cost?

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