Netflix is to raise the price of its subscriptions in the UK for the first time since 2017. The two HD versions of its membership options are to increase in price. The prices will be effective immediately for any new customers joining the streaming service, whilst for existing customers the change will not be immediate.
The two streaming choices affected by the price hike are the standard option, which will be £8.99 per month (up from £7.99 per month). This option allows you to stream HD TV and films to two devices at a time.
The second increase will apply to the premium choice. This currently costs £9.99 per month, but will increase to £11.99 per month. The premium options enables you to stream ultra HD content to four devices.
The basic package, which enables streaming only in SD quality, will remain priced at £5.99 per month.
The new pricing structure will be rolled out to the existing customer base over the coming weeks.
Netflix continues to be incredibly popular, dominating the TV streaming market at present. This price increase will help it to fund new TV shows and films, and it is unlikely to deter many people from remaining subscribed to and signing up with the service.
Netflix does however face some challengers, with Amazon Prime growing itself, and British based TV broadcasters BBC and ITV planning to launch a joint service in the near future.