For the second time in two years, a Netflix subscription is about to cost some Canadians a little bit more as the streaming giant prepares to raise subscription fees again.
Netflix Canada says the standard monthly plan is going up by one dollar to $14.99, and the premium plan by two dollars to $18.99.
The basic plan for subscribers, however, will remain unchanged at $9.99 a month, says Netflix.
Netflix says its reasoning behind implementing the price increase is so it “can invest more in films and shows as well as the quality of members’ product experience.”
The company says new members who sign up will see the updated prices effective immediately. The new charges will roll out to existing members according to their billing cycle over the coming weeks.
Existing members will be notified about the change via email and the Netflix app 30 days before the new prices are applied to them.
As a result of COVID-19 complications, Netflix has been forced to cancel some of its original productions, including the Emmy-nominated series Glow.
Raising subscription fees will help Netflix put more money towards the creation of original content.
This will mark the second time Netflix Canada has raised its prices in two years. The previous fee increase came in 2018, when both standard and premium subscriptions raised $3 to $13.99 and $16.99 per month respectively.
With files to Canadian Press
Graham Cox
