TORONTO – Another price increase is on track for Netflix Canada subscribers as the competition heats up among the largest video services.
The company behind "Narcosis" and "Orange is the new black" introduces the biggest price increase for new subscribers and current members.
Netflix's default plan now will cost $ 3 more – or $ 13.99 a month – to see content on two screens simultaneously.
The basic plan – which does not offer high-definition video and allows only one stream – increases one dollar to $ 9.99 per month.
Premium Plan subscribers pay another $ 3 – or $ 16.99 per month – for up to four simultaneous streams and 4K ultra high definition video.
Netflix says higher prices are effective immediately for new subscribers, while existing users will be notified by e-mail before increasing their accounts in the coming weeks.
The company recently raised prices for most plans for one dollar about a year and a half ago.
Netflix says the move will help fund upcoming TV series and movies, as well as overall improvements to the Netflix platform.
But the company also faces intense competition next year, as the number of streaming platforms on the Canadian market with attractive offerings is rising.
Earlier this month, "White Media" unveiled a higher level of its hot streaming service, which includes a selection of recent Hollywood movies and new HBO programs. The package, called Crave +, costs about $ 20 a month.
The following year, Disney jumped to the market with its own streaming platform. Disney + is expected to be stocked with films and original series as a prequel to "Star Wars: The Rogue" and Marvel's superhero show based on the character Loki from "Thor" and "Avengers".
Other platforms could make progress, including the new Criterion service that specializes in classic movies, as well as CBS All Access, which reinforces its library of original plays that include Tell Me A Story and Strange Angel, .