Netflix UK is raising prices as the UK is facing another national lockdown. The standard HD plan will increase by £1 per month and the 4K HDR plan by £2 per month.
4K gets more expensive
Netflix raised its prices in the US in October 2020 and the next stop is the UK. The company has not announced plans for a general price increase in Europe.
Netflix UK's basic plan with SD streaming will remain at £6 per month. The standard plan with HD streaming will increase from £9 to £10 per month, and the premium plan with 4K HDR streaming will increase from £12 to £14 per month.
The new pricing structure is already in effect for new users. Screenshot: Netflix UK
The company said that the price increase reflections its continued investment in local content production.
- "This year we're spending over $1bn [£736m] in the UK on new, locally-made films, series and documentaries, helping to create thousands of jobs and showcasing British storytelling at its best - with everything from The Crown, to Sex Education and Top Boy, plus many, many more," Netflix said in a statement. "Our price change reflects the significant investments we've made in new TV shows and films, as well as improvements to our product." Also read: Netflix cuts 4K bitrate in half, promises same quality 4K video
For new users, the new pricing structure is already in effect. For existing subscribers, the changes will come into effect from next month.