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| Netflix raises subscription prices in UK | Netflix raises subscription prices in UK |
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| Netflix has increased its subscription prices in the UK, after it raised its charges in the US, Canada, Argentina and Portugal last month. | Netflix has increased its subscription prices in the UK, after it raised its charges in the US, Canada, Argentina and Portugal last month. |
| The new UK price for a Standard subscription without adverts, the platform's most popular plan, has risen by £2 to £12.99 a month, with other packages also increasing. | The new UK price for a Standard subscription without adverts, the platform's most popular plan, has risen by £2 to £12.99 a month, with other packages also increasing. |
| A spokesperson said the hike would allow Netflix to "continue to invest in programming and deliver more value for our members". | A spokesperson said the hike would allow Netflix to "continue to invest in programming and deliver more value for our members". |
| The streaming service reported record global subscriber numbers at the end of 2024, driven in part by its expanding sports coverage. | The streaming service reported record global subscriber numbers at the end of 2024, driven in part by its expanding sports coverage. |
| Netflix's price increases - the first in the UK since October 2023 - will affect all subscription plans. | Netflix's price increases - the first in the UK since October 2023 - will affect all subscription plans. |
| The Standard subscription with adverts is rising by £1 to £5.99 a month, while the most expensive Premium subscription is also increasing by £1 to £18.99 a month. | The Standard subscription with adverts is rising by £1 to £5.99 a month, while the most expensive Premium subscription is also increasing by £1 to £18.99 a month. |
| The platform is also increasing the cost of its Extra Member add-ons by £1. | |
| For a Standard subscription with adverts, the fee to add an extra member will go up from £3.99 to £4.99. | |
| Meanwhile, for a Standard subscription without adverts, the fee for an extra member will rise from £4.99 to £5.99. | |
| Netflix has reflected the price changes on its website, external, with the new prices applying to both new and existing customers. | Netflix has reflected the price changes on its website, external, with the new prices applying to both new and existing customers. |
| "We will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix," the streamer said. | "We will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix," the streamer said. |
| Paolo Pescatore, a technology analyst at PP Foresight, said Netflix's subscription increases were "widely expected". | Paolo Pescatore, a technology analyst at PP Foresight, said Netflix's subscription increases were "widely expected". |
| "The streaming business is following mainstream TV in its price rises, and we should get accustomed to them." | "The streaming business is following mainstream TV in its price rises, and we should get accustomed to them." |
| However, he added: "Netflix must tread extremely carefully… there is a ceiling, a point at which consumers will become incredibly frustrated by price hikes." | However, he added: "Netflix must tread extremely carefully… there is a ceiling, a point at which consumers will become incredibly frustrated by price hikes." |
| Netflix is not the only platform to raise its subscription costs - streaming giants such as Disney+, Spotify, and Paramount+ also increased their prices worldwide in 2024. | Netflix is not the only platform to raise its subscription costs - streaming giants such as Disney+, Spotify, and Paramount+ also increased their prices worldwide in 2024. |
| Netflix began enforcing a password-sharing ban in May 2023 in the UK and the US, which led to millions of new signups over the following year. | Netflix began enforcing a password-sharing ban in May 2023 in the UK and the US, which led to millions of new signups over the following year. |
| The company said it finished 2024 with more than 300 million subscribers in total. | The company said it finished 2024 with more than 300 million subscribers in total. |
| It had been expected to add 9.6 million new subscribers between October and December but far surpassed that number, adding nearly 19 million subscribers in the final months of the year. | It had been expected to add 9.6 million new subscribers between October and December but far surpassed that number, adding nearly 19 million subscribers in the final months of the year. |
| Netflix says its huge increase in streamers was helped by the second series of South Korean drama Squid Game as well as the expansion of its sports coverage. | Netflix says its huge increase in streamers was helped by the second series of South Korean drama Squid Game as well as the expansion of its sports coverage. |
| The platform streamed two NFL games on Christmas Day and hosted a boxing match between influencer-turned-fighter Jake Paul and former world heavyweight champion Mike Tyson. | The platform streamed two NFL games on Christmas Day and hosted a boxing match between influencer-turned-fighter Jake Paul and former world heavyweight champion Mike Tyson. |
| Net profit between October and December doubled from a year earlier to $1.8bn, while sales rose from $8.8bn to $10.2bn. | Net profit between October and December doubled from a year earlier to $1.8bn, while sales rose from $8.8bn to $10.2bn. |