Netflix is increasing the cost of subscription plans for subscribers in the UK and Ireland to allow the streamer to “continue investing in best in class UK productions and offer a wide variety of curated quality shows and films.”
In the UK monthly prices will be as follows:
Basic package – £6.99
Standard package – £10.99
Premium package – £15.99
In Ireland monthly prices will be as follows:
Basic package – €8.99
Standard package – €14.99
Premium package – €20.99
This will be the first increase to the basic package in 10 years in the UK and the first increase in the basic package in eight years in Ireland.
New members will be affected by the changes immediately while existing members will be notified by Netflix 30 days before the changes take effect.
In a statement, Netflix said “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. We offer a range of plans so members can choose a price that works best for them.”
According to research firm Ampere Analysis, Netflix has 14 million subscribers in the U.K. and 600,000 in Ireland. There were 221.8 million Netflix subscribers worldwide as of the end of 2021.
Outside of the US and Canada, the UK is Netflix’s biggest production hub with a content budget of $1B in 2020, generating more than 10,000 jobs for cast and crew. The streamer is also committing to investing in the UK crew and talent pipeline through its £1.2M Grow Creative program.
Recent British and Irish content from the streamer includes shows such as The Crown, Bridgerton, Emily in Paris, The Hand Of God and The Power Of The Dog.
Netflix said that each price plan will continue to give members access to its entire content library without any hidden costs or additional charges. As part of a recent update, Netflix has added new features such as “Play Something,” a feature that instantly plays a TV show or movie that customers haven’t yet watched, as well as “Fast Laughs,” a tab that directs users to its short-form video feed.
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