Netflix Gives Up Opportunity to Release Crown 6 Next Month to Raise Subscription Prices (Image Credit: IMDB & Wikimedia)
Netflix is one of the most popular OTT platforms, with a wide variety of movies and TV shows to keep you entertained. Subscribers living in the US, France, and the UK will now have to pay more to continue their subscription as the OTT platform is considering raising prices and basic plans. The decision comes as the series premieres of The Crown’s Season 6 [also the final season] it’s about to hit the streaming service. Skip to the end of the article for the full story.
According to reports, the last increase in plans came in January 2022, and this has been unexpected since the platform had to wait until the SAG-AFTRA strike was resolved. But popular advertising networks have already moved, and subscribers have no choice but to follow these prices.
According to Netflix’s financial report for Q3 via Collider, the OTT platform to raise subscription prices in the US, UK, and France for its initial or initial plans, and will rise from ‘$9.99 to $11.99’ which is about 20.02% ‘$19.99 to $22.99 ′ rises to 15% respectively. Apart from this, there are two other plans; one is a $6.99, ad-supported plan, and the other is ad-free and costs $15. 49. The two subscription prices have been kept the same, according to reports.
After introducing password sharing, Netflix has now scrapped their original plan and is left with a cheap ad-supported plan and ad-free subscription. This will affect existing subscribers as they will have to leave their cheaper plans and switch to the updated plan. The Q3 report came with a letter explaining the sudden rise in prices. It said, “While we have temporarily suspended price increases while we have shared payments, our overall approach remains the same – prices and plans to meet different needs, and as we offer more benefits to our members, we sometimes ask them to pay a little more.”
Today is entertainment, Netflix offers a lot of entertainment with some of the most popular sites streaming on their platform, such as Stranger Things, The Witcher, Wednesday, Dahmer – Monster: The Story of Jeffrey Dahmer, and many more. They have also been doing well with Korean content as shows like Squid Game, Alice in Borderland, and others have become very popular, bringing money to the platform.
The audience is currently waiting for the release of The Crown Season 6, which is said to be divided into two parts: the first will be released in November, then the second in December.
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