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If you’re currently subscribed to Netflix then you should prepare yourself to start paying more for the privilege. Because Netflix is raising the price of two of its three plans in several countries, including the U.S., the UK, France, and Germany. And it’s all about funding more original content.

Netflix is changing. What was once a DVDs-by-mail company has grown into a streaming service that spans the globe. Even its catalog of content has undergone a transformation, with older shows replaced by original content Netflix Removes 50% of its Catalog to Fund Original Content Netflix Removes 50% of its Catalog to Fund Original Content Have you noticed the Netflix catalog getting smaller in recent years? We now know the number of titles available on Netflix has been halved since 2012 to fund original content. Read More . The problem is, this all costs money. And Netflix users are paying for it.

Your Netflix Subscription Is Getting More Expensive

Netflix has announced it is raising prices in the U.S., the UK, and parts of Europe. Rather unsurprisingly, the company isn’t making a big song and dance about the news, quietly leaking it and not making any executives available for interview. But the price hikes are definitely happening.

The Basic plan, which offers 1 stream and SD content, is staying the same. The Standard plan, which offers 2 streams and HD content, is rising from $9.99- to $10.99-per-month. And the Premium plan, which offers 4 streams and 4K content, is rising from $11.99- to $13.99-per-month.

Netflix issued a statement with Mashable, saying: “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.”

These price hikes are sure to raise eyebrows amongst some Netflix subscribers. However, it’s important to remember that it has been two years since Netflix last raised its prices, even though these didn’t kick in for existing subscribers until 2016. So this is hardly an annual tradition.

Netflix Still Represents Good Value for Money

Even after these price hikes Netflix is still good value for money Why You Should Be Happy to Pay More for Netflix Why You Should Be Happy to Pay More for Netflix Every time Netflix increases its prices, millions of binge-watching users balk at the prospect of paying a couple of dollars more. But this is dumb, because Netflix is an absolute steal. Read More . However, if these price rises continue there will come a point when public opinion changes. And if that happens it won’t matter how many unmissable original shows Netflix is producing 7 Awesome Netflix Originals You Should Watch ASAP 7 Awesome Netflix Originals You Should Watch ASAP Despite only producing its own content for a short period of time, Netflix has created some fantastic original shows. Here are seven Netflix Originals we recommend you watch as soon as possible. Read More , people will cancel their subscriptions.

Are you currently subscribed to Netflix? If so, which plan are you on? What do you think of the forthcoming price rises? Are they justified given Netflix’ current catalog of content? Does Netflix still represent good value for money? Please let us know in the comments below!

Image Credit: Jenny Cestnik via Flickr

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  1. David Cowan
    October 12, 2017 at 10:50 am

    I think it sucks and have already been thinking about the cut of netflix for awhile. They seem to push their original programming to the point that I find it annoying. So another price hike just might be enough to fund that decision.

  2. Jerry Curtis
    October 9, 2017 at 3:12 pm

    I am finding it more and more difficult to find something good to watch on Netflix. Their original programming offers nothing I like. The commercial movies they now offer are poor quality, so why should I continue to pay for something I don't watch. Amazon Prime, Roku, Crackle, and Acorn off me more for less expense.

  3. Jon
    October 8, 2017 at 9:30 pm

    When is the price hike coming?

  4. Thomas Kainz
    October 7, 2017 at 5:36 pm

    When is enough... enough...
    Netflix's Executive compensation is up about 33% over the last year to 66+ million. Their 3rd quarter net income is forecast to be upwards of 144 million. It seems that a decent chunk of the increased fees will be applied to their executive compensation packages. You'd think that an increase of 35% in streaming memberships over the last year up to 99+ million would be enough to cover that and then some.
    When is enough... enough?

  5. DL
    October 7, 2017 at 7:06 am

    New shows is not the only thing NetFlix is trying to cover expenses on, I just saw an advertisement from T-Mobile that's going to include Netflix in a new plan. Wonder how much of a discount they are giving T-Mobile? Or are they hoping to generate lots new upgrades to those new users? Hmmmm? Makes one think there's more to the price hike at this time.
    Oh ya, let's not forget the $200 MEEELLION Netflix paid CBS to carry the new Star Trek show, Discovery! Which, will not generate the aftermarket add-ins they were counting on. From what I've been reading, Netflix is more than a little disgruntled about the whole deal. So to me, it sounds like financial troubles on the horizon.

  6. Darrell
    October 6, 2017 at 10:17 pm

    I believe the price is still a value, but original content isn't our primary reason for subscribing. If rates continue to rise to fund things we don't watch, we'll drop the service.