This year, Netflix subscribers in the UK and Ireland should expect an increase in the subscription fee for the video streaming platform. The changes will soon apply to other related services by the entertainment giant.
Netflix to Increase Subscription Charge This Year
Since the beginning of 2022, Netflix has been persistent in increasing the subscription price for its customers.
The US and Canada were the first to experience this price hike earlier. This time, the UK and Ireland are the next in line to feel the recent change.
According to a report by News18, there will be a 30-day grace period before the users see a change in their Netflix subscription.
With regards to the population of subscribers in the affected regions, Ampere Analysis wrote that there are 14 million and 600,000 subscribers in the UK and Ireland, respectively.
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New Price Changes in Netflix Plans
By the time the streaming giant rolls out this price hike, the Irish users should expect that the basic subscription will now be priced €8.99 or $10.08. Previously, it only cost €7.99 or $8.96.
Furthermore, the next subscription option will reportedly sit at €14.99 or $16.81, according to an article from Notebook Check. Before, the price was only €12.99 or $14.57.
For Premium subscribers who get the most perks from the video-viewing site, the subscription fee is rather costlier this time at €20.99 or $23.54, an almost $3 increase from its original price of €17.99 or $20.18.
For UK users, the basic plan will now cost £6.99 or $9.38 (formerly £5.99 or $8.04). For the Standard tier, the subscribers will now pay £10.99 or $14.75 instead of £9.99 or $13.41.
Netflix Premium patrons in the UK will now be asked to pay £15.99 or $21.46 instead of £13.99 or $18.77.
Speaking of their North American counterparts, Netflix made this huge move not just for the sake of profit but as part of the investment that it made in its "service and catalog."
This would also allow them to extend their viewing service across the globe by creating more films, series, and other related services in the industry.
50% Decrease in Netflix Subscriber Growth
Almost two months ago, Tech Times reported that the 2021 growth in Netflix subscribers had decreased by 50% even though "Squid Game" rose to popularity at that time.
This record was even lower than the 2020 figures which meant that Netflix failed in its forecast. One reason that might contribute to this issue is the increased competition in the market.
With the entrance of Disney and Warner Bros., the competition became tighter and harder for Netflix.
If you want to read more articles related to this topic, check our previous report about the best Netflix VPNs that you can use this 2022.
Read Also: Disney+ Beats Netflix in Q1 2022 with 11.8 M New Subscribers, Reveals New Content Coming
This article is owned by Tech Times
Written by Joseph Henry
