Canadians are about to start paying more for Netflix.
All three levels of the company's service plan will increase at a price. A basic plan that allows users to simultaneously watch standard definition on one screen increases the dollar to $ 9.99 a month.
A standard plan that allows users to watch high-resolution up to two screens will increase from $ 3 to $ 13.99 per month.
Finally, the premium level that allows four simultaneous 4K streams will increase from $ 3 to $ 16.99.
New bids are instantly available to new subscribers. Existing subscribers will be notified by e-mail before prices change over the coming weeks.
In the coming years, prices are rising, when most of the plans went up by a dollar. Previously, these three plans cost $ 8.99, $ 10.99 and $ 13.99 accordingly.
Netflix says that raising prices will help finance the upcoming television series and movies. In addition, it will help improve the platform as a whole.
However, Netflix also faces some kind of tight competition on the market. Earlier this month, Bell Media's Crave Streaming Services introduced a new package that includes HBO programs, recent Hollywood films, at around $ 20 a month.
Next year, Disney plans to launch its streaming service with movies from popular franchises, such as Star Wars and Marvel.
However, previous reports indicate that Disney's programs will remain Canadian Netflix.
Source: globe and mail