By Dan Barrett
Following a 10% price hike in Europe, Netflix is increasing its prices in US, Canada and Latin America.
This is the second price rise in two years for the video streaming service. Netflix increased the price from $US8.99 to $9.99 ($AU13.77) per month for its standard plan, which offers access to 2 HD streams. The price increase effects new subscribers only, with existing customers plan grandfathered for another 12 months.
Pricing for Netflix’s single-stream, standard-definition basic plan remains at $US7.99 per month. Similarly, the rate for the premium $11.99 plan, which offers up to four concurrent HD streams, stays the same.
Australians shouldn’t expect to see a Netflix price rise anytime soon, with a local representative for the streaming giant advising Mediaweek that “we don’t have any plans at present to change pricing in Australia and New Zealand.” Currently Australians are paying $AU11.99 for their standard plan, offering 2 concurrent HD streams.
Netflix will launch its first original film Beasts of No Nation on October 16. Directed by True Detective’s Cory Fukunaga, the film stars Idris Elba as a ferocious Commandant who takes in a young child soldier named Agu. Beasts of No Nation will be available on the same day in all Netflix territories.
[ot-video type=”youtube” url=”https://www.youtube.com/watch?v=2xb9Ty-1frw”]
Photo: Orange Is The New Black