Online streaming service Netflix has announced that prices will increase by up to 11% for certain subscriptions.
From today any new subscribers will face higher prices of £7.99 per month up from £7.49 on the two screen membership. Those opting for four screen membership will have to pay £9.99 per month, up from £8.99.
From 19 October the company will rollout price rises for existing customers. It has stated that all existing members will be notified 30 days in advance of the changes, depending on their billing cycle. Customers will receive an email, and a notification within the service. You can view your plan details and change it by clicking on “account” on the website.
The company has decided to not change the price of its basic plan.
Moneywise has asked Netflix to clarify why they are increasing prices, but has yet to receive a response.
Current monthly cost
Cost after price change
Basic one screen plan
Can only be watched on one screen at a time. No high definition (HD) streaming.
Two screen plan
Can watch programmes on two screens simultaneously. HD enabled.
Four screen plan
Can watch programmes on four screens simultaneously. HD and ultra-high definition (UHD) enabled.
Source: Netflix, October 2017