Online streaming services such as Netflix and Amazon Prime understand that from time to time they will need to increase prices in order to keep delivering great content, even though this does not go down well with subscribers. Well, this is something you will need to get used to, as there will be a Netflix UK price increase this month, although for those in the US, then this will not take effect until next month.
The price increase for Netflix subscribers in the UK for April will be just 50p per month, so not too bad really. The cost will soon be £7.49 each month, so still a very good deal when you consider just how much content is on offer, and also when you compare it to how much the cheapest Sky package is.
As for the price increase in the US, this will go from $8.99 to $9.99 in May, so it’s going to be an extra $1 per month, which might not go down too well with users. We know that most subscribers will not be happy seeing as though they already had to start paying an extra dollar each month this time last year.
There is a fear that if Netflix continues with the same pattern, then subscribers could be paying $10.99 by 2019 in the US and £7.99 in the United Kingdom.
However, there is a positive way to look at this, and that is the fact this is the first price increase for existing customers, as the previous hikes only affected new subscribers.
You can also look for a another positive, and that is how Netflix will use the extra funds to bring more original content, and also secure even more streaming rights for older content.