In addition to the rapid rise in prices for food, petrol and household bills, Britons will now have to count pennies even more. Netflix announced a major price increase.
The streaming service, which hosts a number of popular shows, including Stranger Things, Ricky Gervais’ After Life, Bridgerton and Inventing Anna, has justified the increase, saying it will allow the service to “continue to invest in best-in-class British productions”.
All subscription levels will be affected and the premium level will increase by £ 2 to £ 15.99 per month.
Meanwhile, the base and standard plans will increase by £ 1 per month, rising to £ 6.99 and £ 10.99 respectively.
This means that even someone from the base price range can pay more than £ 100 a year for a service.
In the statement of a Netflix The spokesperson explained the reason for the price increase: “We have always been 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.”
Price changes will be made immediately for all new members, while existing members will be notified of the price increase 30 days before the next bill, depending on their specific billing date.
The increase followed a similar rise in prices in the US.
Netflix subscribers across the pond were not the most satisfied, some even threatened to quit the service.
“Netflix got another price increase before I dust off the VCR,” said one Twitter user.
“Netflix raises their price more often than it releases a good new show,” wrote another.