{"id":359915,"date":"2017-10-07T18:03:28","date_gmt":"2017-10-07T18:03:28","guid":{"rendered":"http:\/\/citifmonline.com\/?p=359915"},"modified":"2017-10-07T18:03:28","modified_gmt":"2017-10-07T18:03:28","slug":"netflix-raises-prices-for-first-time-in-two-years","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/10\/netflix-raises-prices-for-first-time-in-two-years\/","title":{"rendered":"Netflix raises prices for first time in two years"},"content":{"rendered":"
Netflix has raised prices in countries including the UK and US for the first time in two years.<\/p>\n
The streaming video service will also increase subscription charges in some European countries, a spokeswoman said.<\/p>\n
A standard UK plan will rise 50p to \u00a37.99 a month, while a premium subscription for four simultaneous users jumps \u00a31 to \u00a39.99 a month.<\/p>\n
The standard US plan increases by $1 to $10.99 a month, with a $2 rise to $13.99 for the premium option.<\/p>\n
A basic subscription in the UK, which does not offer high definition viewing, remains at \u00a35.99 a month.<\/p>\n
The increases apply immediately for new customers, while existing users will be notified of the change 30 days in advance.<\/p>\n
Germany and France are among the other countries where prices will rise. Subscriptions were tweaked in Canada, Latin America and some Nordic countries earlier this year.<\/p>\n
Netflix said in July it has\u00a0104 million subscribers globally, while revenues rose 32% in the second quarter to $2.8bn.<\/p>\n
Shares in Netflix closed 5.4% in New York, bringing the stock’s gain this year to 56%.<\/p>\n
The price rises come as Netflix faces growing competition from Amazon and other sites such as Hulu in the US.<\/p>\n