Streamers kindly pay attention to this column. Recently, the streaming giant platform Netflix announced that its subscription plans have become costlier than before. Yes, you heard it right, users will have to pay more to get a subscription plan for Netflix. Kindly note that the streaming giant did not increase the prices of its subscription plans in all countries or worldwide. Only in particular regions, does Netflix increase subscription prices. If you are scrambling to the web regarding the same, the following sections are waiting for you. In the below-placed sections, we have explained why Netflix increased its subscription plans’ cost and in what regions where users will have to pay more for the same. Continue reading this article and go through it till the end.
Reports have claimed that the streaming platform only increased in three countries where binge-watchers will pay a little bit more than they used to do earlier. The three countries where Netflix raised subscription prices are France, Britain, and the United States. Netflix’s new chart of its subscription plans will affect the pockets of people from these three countries. What could be the reason Netflix raised its subscription cost only in the United States, France, and Britain? To know more, shift to the next section and read more details.
As per the reports, Netflix announced its increased subscription plans’ cost as the streaming giant platform shattered expectations for new customers in the aforementioned three regions. Netflix announced around 9 million new subscribers subscribed to the platform across the world in the third quarter. As the number of subscribers in France, Britain, and the United States surpasses expectations Netflix decided to raise the prices of its subscription plans. This update came up on Wednesday, October 18, 2023. Read what change has come into the subscription plans of Netflix in the US, Britain, and France.
Netflix has surged the price of its premium ad-free plan by $3 per month taking it to $22.99 in the United States, while the cost for premium rose by 2 pounds taking it to 17.99 pounds in Britain and by 2 euros to 19.99 euros in France. At the end of September, the price hikes were announced in an earnings report that showed Netflix’s global subscriber base surpassed 247 million. Reportedly, a substantial number of subscribers came in the Middle East, Europe, and Africa, where Netflix gained around 4 million subscribers. More than 70% of its members now are from the United States.