Netflix hikes subscription price by a staggering 17%
The Independent says Netflix is raising its prices for both new and existing customers, it has said.
The cost of a basic and standard plan will go up by £1, to £6.99 and £10.99, an almost 17 per cent increase for the cheapest tier. The premium subscription will go up by £2 to £15.99.
Similar price rises will happen in Ireland.
Netflix needs the extra money to invest in “best in class UK productions” and to “offer a wide variety of curated quality shows and films”, it claimed.
The company has made a number of price increases in recent years with the same justification.
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