Netflix Raises Subscription Fees in Israel, Ireland and France
Thursday, 20 June 2019
“Netflix and chill” just got a bit more expensive for viewers outside of the U.S.
The streaming giant has raised its monthly subscription fees in Israel, Ireland and France, Netflix confirmed to TheWrap on Thursday morning, with the price hikes going into effect immediately for new customers.
In France and Ireland, Netflix’s mid-tier Standard plan is increasing from €10.99 to €11.99 per month (about $13.50), while its Premium plan, which offers up to four HD streams, is rising from €13.99 to €15.99 per month (about $18). Netflix’s Basic plan, providing one standard definition stream, will remain €7.99. Greek customers will also see their Standard and Premium plans increase, but not as much, with the plans costing €10.99 and €13.99 per month now, respectively.
*Also Read:* Netflix in July: Here's Every New and Expiring Title
In Israel, the hikes are a bit more stark. The Premium plan will now run 60.90 new Israeli shekels per month, or about $17, marking an increase of more than 20%. The Basic package will cost 32.90 shekels and the Standard plan will be 46.90 shekels per month.
A Netflix rep said that the international price hikes are no indication the company plans to raise its subscription fees in the U.S. — something the company did earlier this year, with its Premium plan moving to $15.99 per month.
Netflix shareholders didn’t seem to mind the moves, with the company’s stock increasing about 0.5% on Thursday morning, hitting $365.38 per share.
*Also Read:* Lin-Manuel Miranda Directorial Debut 'Tick, Tick... Boom!' Lands at Netflix
While new customers will be hit by the new prices immediately, it could take up to several months for existing customers to see a change in their bill, the Netflix rep said. Existing customers will be notified by email of their price increase one month before it goes into effect.
*Related stories from TheWrap:*
Netflix in July: Here's Every New and Expiring Title
Everything We Know About Ryan Murphy's Netflix Slate: From 'The Politician' to 'The Prom'
Netflix Renews 'The Rain' for Third and Final Season
You Might Like
Other recent news in US