Netflix increases prices in Canada, Canada

Netflix increases prices in Canada, Canada

The standard plan, which allows for two simultaneous streams, costs $15.49 per month, up from $13.99 in the United States.

The standard plan went up in Canada, where it went up to C $16.49 from C $14.99.

The price increases, the first in those markets since October 2020, took effect immediately for new customers. Existing members will see the new prices when they receive their monthly bills in the coming weeks. The price increases were not previously reported.

Netflix said that they understand people have more entertainment choices than ever, and they are committed to delivering an even better experience for our members.

We are updating our prices so that we can continue to offer a wide variety of entertainment options. The spokesperson said that they offer a range of plans so members can choose a price that works for their budget.

The biggest streaming service in the world is facing a lot of competition from companies looking to draw viewers to online entertainment. Walt Disney Co, AT&T Inc's WarnerMedia, Inc and Apple Inc are some of the rivals who have invested billions into new programming.

In 2021, Netflix said it would spend $17 billion on programming. The company hasn't revealed spending for 2022.

The U.S. price of Netflix's premium plan, which enables four streams at a time and streaming in ultra HD, was increased by $2 to $19.99 per month. The cost for Netflix's basic plan, with one stream, went up by $1 to $9.99 per month.

The United States and Canada are the largest regions of Netflix, with 74 million customers as of September 2021. Most of the company's growth comes from overseas.