Advertisement

Netflix Canada plans another price increase, the biggest yet

Click to play video: 'Netflix Canada will increase prices for their basic, standard and premium plans'
Netflix Canada will increase prices for their basic, standard and premium plans
WATCH: Netflix Canada prices are going up. – Nov 29, 2018

Netflix Canada will increase prices for their basic, standard and premium plans.

The company behind shows like Narcos, House of Cards and The Crown, says it will adjust pricing as competition among video streaming services across the country.

READ MORE: ‘Narcos — Mexico’ star Michael Peña opens up about unfortunate death of location scout for series

The standard plan (which allows users to watch content on two screens) will rise by $3 to $13.99 a month, while the premium plan (which allows up to four users) will rise by $3 a month to $16.99, the biggest price increase yet.

The company’s basic plan will go up by $1 to $9.99 a month, which allows one stream and no ultra-high definition 4K video options.

In a statement from Netflix Canada to Global News, the company said it plans on adding more exclusive entertainment down the road.

Story continues below advertisement

“From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.”

WATCH: Netflix looking at mobile-only subscriptions
Click to play video: 'Tech: Netflix looking at mobile-only subscriptions'
Tech: Netflix looking at mobile-only subscriptions

Netflix said the new prices are effective immediately for new subscribers while existing ones will be notified by email before they see changes on their bill.

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

The company last raised their prices a year and a half ago.

Netflix is one of several companies trying to take hold of the online streaming service market. Earlier this month, Bell Media offered users a new tier of its Crave streaming service, which included shows from HBO. In 2019, Disney will offer its own streaming platform called Disney+.

Meanwhile companies like Hulu, Amazon Prime and HBO TV already clutter the market.

Story continues below advertisement

More to come

With files from The Canadian Press

arti.patel@globalnews.ca

Sponsored content

AdChoices