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Netflix Canada raising prices for standard, premium subscribers

Click to play video 'Hollywood North gets big boost from streaming giant Netflix' Hollywood North gets big boost from streaming giant Netflix
The B.C. film industry has been booming in recent weeks, and it's about to get even bigger. Netflix has signed a long term lease with Burnaby's Canadian Motion Picture Park studio and with it comes promises of more opportunities for the struggling sector.

Netflix Canada is increasing some of its prices again.

The streaming giant says the basic plan for subscribers remains unchanged at $9.99 a month, but the standard monthly plan is going up by one dollar to $14.99, and the premium by two dollars to $18.99.

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Netflix says it’s implementing the price increase 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.

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