If you’re one of those nice people who lets others use your Netflix account, then it might be time to start charging them.
Yesterday, Netflix announced that they will be raising their account subscription prices for the first time in almost 2 years and sadly, this time around you’re more likely to notice the difference.
The online video streaming service said that the reason for the increase is to “to reflect the significant investments we’ve made in new TV shows and films” and will be spread out over the next few weeks for those of us who are existing customers, or with immediate effect for brand new customers.
Netflix currently offers users 3 streaming plans:
The Basic Plan (£5.99) – where users can stream TV and movies on one device at a time in Standard Definition.
The Standard Plan (currently £7.99 and will be £8.99)- which lets users stream in HD on to 2 devices at a time and includes downloading titles to phones and tablets and
The Premium Plan (currently £9.99 and will be £11.99) – which allows users to stream and download in HD and ultra HD when available on to 4 devices at the same time.
Typically, of all their plans, the basic plan is the only one that will stay the same price, but who’s happy to stream in Standard Definition these days?!
As you can see, the biggest jump in price is Netflix’s Premium Plan, which has gone up by 20% from £9.99 to £11.99, which is bound to make a difference to the account holder. So if you’re the one who lets your friends and families use your account to stream whatever they want, then it might be time to start charging them!
It’s thought that Netflix has around 10 million users in the UK and with online streaming becoming more and more popular, it might be time to think about switching your streaming service. With Disney joining the revolution by launching their own Disney Plus at the end of the year with an estimated UK price of only £6.99 per month, Disney Plus could certainly be something to think about.
Although this is the first time Netflix has raised their prices in almost 2 years, if Netflix continues to charge more for their service then users could consider switching to their rivals, especially when you consider Amazon Prime members get free next delivery on Amazon included in their streaming service package.
we can’t stop (the future) pic.twitter.com/vBD72r8zzi
— Netflix UK & Ireland (@NetflixUK) May 15, 2019
Netflix is, of course, the champion when it comes to creating their own original content, with series like Stranger Things, The Crown and Black Mirror becoming some of the most popular and talked about shows on TV.
Talking about the rising prices, a spokesperson for Netflix said: “We have more than 50 productions planned in the UK this year, including new seasons of Black Mirror, Sex Education and After Life.
“Our basic membership will remain at the same price, ensuring as many people as possible can enjoy our content.”