Netflix price hike is $1 extra per month, £1 in UK and €1 in Europe
The new, higher price only affects new subscribers, the streaming service says, with existing Netflix customers exempt from paying extra for two years.
NetflixNetflix has issued the first details of its expected price hike, with new UK customers set to pay an extra £1 per month, with prices in Europe increasing by €1. US prices are expected to be revealed soon.
Update: Netflix has been in touch to confirm that the US price will increase by $1 to $8.99. Existing customers pay nothing extra for 24 months
The good news is that if you already subscribe to Netflix, you won't have to pay anything extra for 24 months. In an email sent to UK Netflix customers today, the red-hued streaming service said, 'As a thank you for being a member of Netflix already, we guarantee that your plan and price will not change for two years.'
The increase means that new customers (or existing customers still subscribed in two years' time) will pay £6.99 per month for Netflix, or €8.99 in mainland Europe.
Netflix is a streaming service that, for a fee, will pump TV and movies onto your TV, smartphone or computer via your Internet connection. The service competes with the likes of Apple TV, and has invested in making its own exclusive shows, such as the sinister, Kevin Spacey-starring 'House of Cards', pictured above.
New price options
Netflix says it will be offering a more modest streaming package, available at the old price. This £5.99 option restricts your streaming resolution to standard definition, and only lets you stream to one screen at a time. For £8.99 you can stream to four screens in 'Super HD'. New price options are also expected to launch in the US.
We'll update this story when we hear more about the global price changes. In the meantime, let us know what you think of the price increase in the comments below.
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