“It’s unfortunate timing that this price hike coincides with another national lockdown, when all of us will be streaming more television and films than ever. Nick Baker, streaming and TV expert at, said: “Netflix has been a lifeline for many people during lockdown, so this price rise is an unwanted extra expense for households feeling the financial pressure. In the U.S., Netflix’s Standard plan (two streams, no ads) is currently 15.49/month and the Premium tier (four streams) costs 19.99/month. “Our price change reflects the significant investments we’ve made in new TV shows and films, as well as improvements to our product.” Netflix said: “This year we’re spending over $1bn 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. However, Netflix has increasingly faced competition from rivals, such as Disney+, which has also announced price rises of £2 per month up to £7.99. Its share price has risen From $300 in March to around $500 this week. 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. Netflix shows such as Tiger King, Emily in Paris, and most recently Bridgerton have been one of the main sources of conversation among locked-downed Brits over the past 12 months.ĭuring 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. Customers are not tied into contracts and can cancel at any time. Apart from streaming quality and number of screens, you will get almost same features in. There would be no price rise for customers on the most basic £5.99 a month package, which allows users to watch Netflix in standard definition on one device at a time, Netflix said. Price is increased, 1 for the standard plan and 2 for premium plan. Netflix's basic plan doesn't provide high definition viewing. The company, which came of age in 2020 as lockdown customers sought solace in TV boxsets and films, said the price rises reflected money it had spent on new content. Netflix provides its consumers with three primary monthly pricing plans, as follows: Basic, 8.99 per month (up from 7.99 in 2018).
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