Netflix bumps up subscription prices to 'reflect investments' they've made

Netflix has been killing it lately with a string of new series that have been keeping us glued to our sofas weekend in and weekend out – and now they’re bumping the price up to make sure they can keep doing it.

After getting us fully hooked on shows including Lucifer, After Life, Sabrina, What/If and The Society over the last few weeks alone, the service is upping the cost of its subscription packages to ‘reflect their investment’.

Speaking about the decision, a Netflix spokesperson confirmed: ‘We change our prices from time to time to reflect the significant investments we’ve made in new TV shows and films, as well as improvements to our product.

While the basic package (one screen, standard definition) will remain at £5.99, all other variants of what the site has to offer will be getting a significant boost.

The two-screen plan will go up by £1 to £8.99 a month, while the four-screen package will be bumped up even higher to £11.99 a month.

Current Netflix customers will see the price change go into effect on their next payment.

Remaining the dominant company in streaming services, the show has more than 50 planned productions to be added to their roster over the next year in original content.

This is not including any acquired material they didn’t directly commission.

To date, Amazon Prime Video and Hulu (in the US) remain their biggest obstacles.

But according to business site Comparitech, Netflix has currently got 118million subscribers worldwide – with their second-in-line Amazon reaching at most 90million.

Netflix also added in just one quarter, half as many new subscribers as Hulu has total subscribers

Basically, they’re smashing it – so we might have to cough up a little more change for now.

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