Netflix rolled out a price increase today for Australia and have justified the reason behind it.
The Netflix price increase has been implemented today in Australia, with prices hiking up from $9.99 to $10.99. Reported by The Daily Mail, Netflix have claimed that the reason is so they can “Invest in more Australian shows and films”.
Both the basic and standard plans have seen a $1 increase, with the latter now costing $15.99. The HD plan will remain at $19.99. A Netflix spokesman went on to say “We know Australians have never had more choices when it comes to entertainment. We’re more committed than ever to delivering an experience that exceeds their expectations”.
Around the same time last year, there was a Netflix price increase for New Zealand in which the plan were increased by 13% ($2). These prices were to cover investments made for popular TV shows such as ‘Sex Education’ and ‘Stranger things’. However, we can expect price increases every couple of years due to global financial situations and economy.
Around 12 Million Australians are subscribed to Netflix, bringing in an extra $12 Million to the streaming giant every month. Are you affected by the increase? let us know what you think.