{"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

\"MaryImage copyright<\/span>GETTY IMAGES<\/span><\/span>
Image caption<\/span>Mary J. Blige (left) and director Dee Rees at the Toronto premiere of Mudbound<\/span><\/figcaption><\/figure>\n

The company continues to spending heavily on original programming such as The Crown, Stranger Things and House of Cards.<\/p>\n

It also promises 40 feature films this year ranging from “big-budget popcorn films to grassroots independent cinema”.<\/p>\n

One of those titles Mudbound, which\u00a0Variety\u00a0describes as “an epic about race and poverty in the 1940s Mississippi Delta”, starring Mary J. Blige and Carey Mulligan.<\/p>\n

The film, which premiered at the Toronto film festival last month, is available to stream from 17 November – the same day it opens in some US cinemas.<\/p>\n

Some critics say it is a contender for the Academy Awards and would be the first Netflix feature to be in the Oscars race.<\/p>\n

–<\/p>\n

Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"

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