Netflix announces new price increase

Netflix announces new price increase in regions where, fortunately, Spain is not considered

Netflix and new price increases in the USA, Canada, Argentina and Portugal

The new increase in the price rate for Netflix subscriptions was announced in a letter sent to the company’s shareholders. What is in question is This marks a dollar increase from $1, $2 and $2.50 in their plan Standard with and without ads in addition to the premium plan. Luckily there is nothing to worry about because This increase will not happen in Spain. The increase appeared to be coming since the same company announced it at the end of last year.

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According to the document presented to shareholders, The increase will occur in the USA, Canada, Portugal and Argentina. The reason for this increase is; “It will allow investment in new programs”. The goal is clear: “Reinvest to make Netflix even better.” This increase occurs in the following cases: Netflix announced that it made incredible profits in the last quarter of 2024 Almost 19 million new subscribers were added during this time. There are now 302 million subscribers worldwideIt was converted to 10,250 million dollars.

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The last increase in these regions occurred in October 2023 According to information from 9to5Mac, the basic plan was accompanied by a suspension of ads and a subsequent return of the price to $6.99.

The plans and their new prices are below:

  • Standard with ads: Full HD (1080p), download and view on both devices $7.99 per month
  • Ad-free standard: Full HD (1080p), download and view on two devices, option to add extra members to each device $17.99 per month
  • premium: 4K (Ultra HD) with HDR, download to six devices, display on up to four devices simultaneously, option to add two extra members to each $24.99 per month.

These are the prices in Spain right now

  • Standard with ads: 6.99 euros per month
  • Ad-free standard: 13.99 euros per month
  • Premium: 19.99 Euro per month

In the case of Spain, the last increase in Netflix occurred in October 2024, and the increase before that occurred in October 2021. We didn’t get a raise for a long timeThis has definitely made subscribers take this with caution. How much were the increases in Spain? They were for 1, 1.49 and 2 euros.

Analyzing the issue of broadcast subscriptions in Spain, the latest data are as follows: Netflix shares 24% market share with Amazon Prime Video. Apple TV ranks fifth, reaching 6%. It is now a matter of time to prepare a new report and see whether the changes in prices have an impact on this data.

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After these price adjustments are made We do not expect that we will have to give news of increases for a long time.Not before at least two years.

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Source: i Padizate

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