Netflix Introduces Price Hikes For Existing UK Users From This Week

deadline.com:

Netflix is rolling out price hikes for existing subscribers in the UK this week following similar moves in the U.S. and Canada.Standard tier users will now pay £9.99, instead of £8.99, while Premium users will fork out an extra £2, receiving a monthly bill of £13.99.

The Basic plan will be kept at the same price of £5.99. These changes were introduced for new users on December 10.Existing members will be notified by email, as well as within the Netflix app a month before the new prices are applied to them.

Netflix said the price hikes reflect improvements to the streaming service, while it also pointed to its $1 billion investment in UK content.A spokesman said: “This year we’re spending over $1bn in the UK on new, locally-made films,