Netflix, Inc. Hikes Monthly Fee By £1 in UK, €1 in Europe, $1 In U.S.

Netflix, Inc. Hikes Monthly Fee By £1 in UK, €1 in Europe, $1 In U.S.
NFLX Photo by Matt Perreault

Netflix, Inc. (NASDAQ:NFLX) has released the initial details regarding the upcoming price hike for its U.S, UK and Europe customers. According to the statement, UK customers will pay an extra £1 per month and those in Europe will pay additional €1. The monthly subscription price has been increased by $1 for U.S. customers. The service will now cost $8.99 per month, as confirmed by CNET in conversations with the company.

For new subscribers, the price hike is effective immediately. Those who are already signed up for a Netflix, Inc. (NASDAQ:NFLX) subscription plan will not pay any additional fees for two years. The online video streaming service confirmed this, saying, “As a thank you for being a member of Netflix already, we guarantee that your plan and price will not change for two years.”

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