Newcomers to Netflix will have to spend more cash for a basic two device HD subscription.
Netflix sent an email notifying current subscribers of the price hike, but promised that their current plans and pricing wouldn’t change. For now, anyway. Their pricing will remain the same for another year. However, when the subscription price rose last year, existing subscribers were promised that pricing would be fixed for two years.
“To continue adding more TV shows and movies, we’re modestly raising the price for new members who choose the two-screen plan from £6.99 to £7.49,” reads the statement from Netflix.
“Pricing on other plans remains unchanged. As a thank you to existing members on the two-screen plan, their current plan and price will not change for one year.”
That means pricing for the basic £5.99 SD package or the £8.99 four device 4K package will remain unchanged.
Netflix users in the US and Australia aren’t going to be affected by these changes.
The 50p price hike isn’t that bad when you consider Netflix spent almost $3 billion on programming expenses last year. It’s expected to spend up to $5 billion by 2016.