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Netflix raises prices for subscribers in the UK and Ireland

PHOTO FILE: The Netflix logo is visible on the TV remote control, in this illustration taken on January 20, 2022. REUTERS / Dado Ruvic / Illustration /

March 10, 2022

(Reuters) – Netflix Inc has raised prices for subscribers in the United Kingdom and Ireland, the streaming platform said on Thursday, seeking to invest more in the production of new shows and movies.

Prices for its popular standard plan in the UK, which allows streaming on two devices simultaneously, will rise by £ 2 to £ 10.99 ($ ​​14.48) each month, while customers using the base plan will now have to pay £ 6.99, not the previous price of £ 5.99. The premium plan will cost as much as £ 15.99 ($ ​​21.07) per month.

In Ireland, the base plan will increase by € 1, while standard and premium classes will now cost € 14.99 ($ ​​16.58) and € 20.99 ($ ​​23.21) respectively.

“Our updated prices reflect the investments 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,” said a Netflix spokesman.

The company last updated prices for the UK in December 2020 and for Ireland in March 2021.

Price changes will begin March 10 for all new entrants, while existing entrants will be notified to Netflix 30 days before they take effect for their respective payment cycles.

The news was first reported by The Guardian on Thursday.

($ 1 = £ 0.7591)

(Report by Tiashi Datta in Bangalore; edited by Krishna Chandra Eluri)



Netflix raises prices for subscribers in the UK and Ireland

Source link Netflix raises prices for subscribers in the UK and Ireland

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