The price increases range from €1 to €3, depending on your subscription.
There's bad news today for Irish and UK Netflix subscribers as prices are set to increase within the next 30 days. New users will see the price hike from today.
The streaming service, which will see the release of lauded period drama 'Bridgerton' season two later this month, has faced serious competition from the likes of Disney+, Amazon Prime, Sky and Apple TV+ in recent years. Will this price increase see them lose out on even more customers?
Here's a breakdown of each Netflix subscription and their new pricepoint:
- Netflix’s basic plan is increasing from €7.99 to €8.99
- Netflix's standard package increases from €12.99 to €14.99
- Netflix's premium subscription plan increases from €17.99 to €20.99
A spokesperson for Netflix said: "We have always been focused on providing our members both quality and clear value for their membership.
"Our updated prices reflect the investment we have made in our service and catalogue, and will allow us to continue making the series, documentaries and films our members love as well as investing in talent and the creative industry." They added, "We offer a range of plans so members can choose a price that works best for them."
The Irish and UK Netflix prices increase comes just a couple of months after the US also saw similar happenings at the beginning of the year. It's worth noting Netflix in the US is still cheaper than here in Europe, with the premier Netflix service now costing $19.99 (€18.09).
The streaming service currently has 221.9 million subscribers globally. Following the arrival of Disney+, which has pretty much every Marvel-related film and TV series, as well as 'Star Wars', classic Disney fairy tales and more adult-related content via Star, Netflix has secured the rights to some major franchises including Roald Dahl, 'Knives Out' and Sony's 'Spider-Man' films.
Disney+ announced earlier this month that they will be rolling out a cheaper ad-based alternative to subscribers who wish to pay less. It will be introduced in the US later this year, followed by an international roll-out in 2023.