Netflix is all set to increase subscription prices

From next month onwards, the streaming giant, Netflix is planning to raise its prices for many Irish customers who are not availing of its basic subscription.

Netflix is planning to hike its prices for its standard and premium subscriptions.

The standard subscription which is currently €11.99 per month, will rise by €1 next week. There will be a €2 increase in the premium plan, which is currently priced at €15.99.

There are two plans at the moment, the first one, which is the standard version allows the users to stream from only two devises at a time while premium users can stream from up to four devices at any time.

The users have already been notified about the price increase through app and mail.

At present there won’t be any change in the basic subscription, which costs €7.99. Previously there were two instances where Netflix had increased its streaming price.

A Netflix spokesperson in a statement said: ‘This year we’re spending over $1bn in the UK and Ireland on new, locally-made films, series and documentaries, helping to create thousands of jobs – with everything from The Crown, Afterlife, Sex Education, Bridgerton, Vikings Valhalla, My Fathers Dragon, Fate Winx Saga and a documentary series about Sophie Toscan du Plantier.’

‘Our price change reflects the significant investments we’ve made in new TV shows and films, as well as improvements to our product… Our basic membership will remain at the same price ensuring as many people as possible can enjoy our content.’ He added.