Wednesday , May 12 2021

Netflix increases subscription prices in Canada

Another price increase is on track for Netflix subscribers in Canada as the competition heats up among the largest video services.

The company behind Narcos and Orange is the new black presented its biggest price increase for new subscribers and current members.

The basic Netflix Canada plan – that does not offer ultra-high definition 4K video and allows streaming on one device at the same time – rises a dollar to $ 9.99 per month.

Netflix's standard plan now will cost $ 3 more – or $ 13.99 a month – to see content on two devices at the same time.

Premium Plan subscribers pay another $ 3 – or $ 16.99 per month – to watch TV shows and movies on four devices at the same time in HD and ultra HD 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 raised prices for most plans for one dollar about a year and a half ago.

It helps to fund new series, movies

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 rehearsal Star Wars: Rogue One and a Marvel Superhero show based on the character Loki from Thor and Avengers.

Other platforms could make progress, also including a new service managed by Criterion specializing in classic movies, and CBS All Access, which strengthens its original source library that includes Tell me the story and Strange Angel.

Source link