Netflix has elevated its subscription costs within the UK, after it raised its fees within the US, Canada, Argentina and Portugal final month.
The brand new UK worth for a Normal subscription with out adverts, the platform’s hottest plan, has risen by £2 to £12.99 a month, with different packages additionally growing.
A spokesperson mentioned the hike would permit Netflix to “proceed to spend money on programming and ship extra worth for our members”.
The streaming service reported report international subscriber numbers on the finish of 2024, pushed partly by its increasing sports activities protection.
Netflix’s worth will increase – the primary within the UK since October 2023 – will have an effect on all subscription plans.
The Normal subscription with adverts is rising by £1 to £5.99 a month, whereas the costliest Premium subscription can also be growing by £1 to £18.99 a month.
The platform can also be elevating the price of its Further Member add-ons by £1.
For a Normal subscription, the payment is growing from £4.99 to £5.99, whereas for a Normal subscription with adverts, it is rising from £3.99 to £4.99.
Netflix has mirrored the value modifications on its web site, with the brand new costs making use of to each new and current clients.
“We are going to often ask our members to pay a bit extra in order that we are able to re-invest to additional enhance Netflix,” the streamer mentioned.
Netflix started implementing a password-sharing ban in Might 2023 within the UK and the US, which led to thousands and thousands of recent signups over the next yr.
The corporate mentioned it completed 2024 with greater than 300 million subscribers in whole.
It had been anticipated so as to add 9.6 million new subscribers between October and December however far surpassed that quantity, including almost 19 million subscribers within the remaining months of the yr.
Netflix says its large enhance in streamers was helped by the second collection of South Korean drama Squid Sport in addition to the growth of its sports activities protection.
The platform streamed two NFL video games on Christmas Day and hosted a boxing match between influencer-turned-fighter Jake Paul and former world heavyweight champion Mike Tyson.
Web revenue between October and December doubled from a yr earlier to $1.8bn, whereas gross sales rose from $8.8bn to $10.2bn.
