Netflix has announced a price increase for some global users – though it doesn't appear to have affected the UK.
The streaming service is set to raise prices in the US alongside Canada, Argentina and Portugal, with all tiers going up by between $1 and $3.
The standard with adverts will now cost $7.99, up from $6.99, while standard without ads goes up $2.50 to $17.99. The higher premium plan is being raised to $22.99, up by $2, while extra member is up to $8.99.
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It comes as Netflix reported the highest-ever jump in subscribers in the last quarter of 2024, adding nearly 19 million.
This is largely down to events such as the Mike Tyson and Jake Paul boxing match and NFL games over Christmas, as well as the return of Squid Game last month.
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Season 2 of the South Korean series recently became Netflix's biggest-ever TV debut after taking in 68 million viewers in four days, later adding nearly 60 million in its first full week.
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Speaking on a conference call, Netflix boss Ted Sarandos said (via Sky News): "When you're going to ask for a price increase, you better make sure you have the goods and the engagement to back it up."
The streamer previously implemented a price increase late in 2023 in the US and UK, at the time adding 8.8 million subscribers in part down to a crackdown on password sharing.
"While we mostly paused price increases as we rolled out paid sharing, our overall approach remains the same – a range of prices and plans to meet a wide range of needs, and as we deliver more value to our members, we occasionally ask them to pay a bit more," the streamer said at the time.
Sam is a freelance reporter and sub-editor who has a particular interest in movies, TV and music. After completing a journalism Masters at City University, London, Sam joined Digital Spy as a reporter, and has also freelanced for publications such as NME and Screen International. Sam, who also has a degree in Film, can wax lyrical about everything from Lord of the Rings to Love Is Blind, and is equally in his element crossing every 't' and dotting every 'i' as a sub-editor.
