It seems like every product is always raising their prices. Streaming services are no different. Now Netflix is raising prices in the United Kingdom for the first time since 2017. The streaming service will raise monthly fees for subscribers by as high as 20 percent. The cost of the company’s HD streaming plan will increase by £1 to £8.99, while the premium subscription that supports 4K video and additional simultaneous streams will increase by £2 to £11.99.
The basic, standard definition service is the only plan that won’t change, staying at £5.99. These new prices go into effect immediately for new customers, so if you are just signing up for the service you will pay the inflated prices from the start. The over 10 million existing subscribers in the UK will see the price of the subscription plan change over the coming weeks, so it looks like that will be your next billing cycle.
Every so often they have to do it. I mean someone has to pay for all of that original content right? They have to compete with upcoming competitors like Disney+ after all. Subscribers in the United States had a similar increase earlier this year that raised the HD plan to $9 per month and UHD streams to $16 per month. Hopefully, those prices stay put for a while.