Get ready because you might be paying more for your monthly Netflix subscription going into 2022. Newsroom Reuters first reported the news, but it is still not clear how high Europe prices will be. Reuters confirmed that, in order for Netflix to compete in the crowded streaming TV market, the standard plan, which allows for two simultaneous streams will be going up to $15.49 per month in the US.
This is up from $13.99, with Canada’s prices also going up to C$16.49 from C$14.99. Speaking to CNN, Netflix provided a statement identical to one it gave back in 2020 when it raised its prices.‘We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members.
We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget.’ If this price update follows the same pattern as the last, then Europe can expect an uptick later on in the year. Currently, Malta’s prices rank at €7.99 per month as Basic Plan, €12.99/month for Standard, and €17.99/month for Premium.
With pricing increase coming just a week before the streaming company its set to announce its fourth quarter earnings. Spending billions of dollars on content, growth for Netflix-like companies tends to slow and attracting new subscribers gets harder. In October of 2021, Netflix revealed it added 4.4 million subscribers, bringing up its global tally to 213.5 million. This might seem astonishing, but it’s actually not the best the platform can tout the company revealed.
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