Netflix customers to face price hike in coming days

The price of some Netflix subscriptions are set to rise next Sunday, the 28th of February.

Users who currently have a standard Netflix subscription- which allows them to view two screens at the same time- will see their monthly charge rise by a euro, from 11.99 to 12.99 a month.

The premium subscription plan, which allows for viewing on up to four devices, will also increase from 15.99 to 17.99.

Those who have a basic plan, which only allows for viewing on one screen at any time, will not see a price hike.

Standard subscriptions are due to remain at 7.99.

The rollercoaster of lockdowns in Ireland has given people more time to watch TV in the past year.

Shows such as Normal People, It's A Sin, WandaVision and The Mandalorian have become household favourites.

On Netflix alone, titles like Fate: The Winx Saga, Bridgerton, Emily in Paris, Tiger King and Crime Scene: The Vanishing at the Cecil Hotel have been binged the world over.

From the start of the pandemic last year, Netflix saw a massive surge in people buying subscriptions.

In the first three months of 2020 alone, the streaming service saw 16 million new customers joining the site globally.

This will be the third increase over the last three years with Netflix last hiking prices in June 2019.

A spokeswoman for Netflix commented on the price increase in January, saying : Our price change reflects the significant investments weve made in new TV shows and films, as well as improvements to our product.

"Our basic membership will remain at the same price ensuring as many people as possible can enjoy our content."

Ireland and the UK is Netflixs second most important market for production globally, with $1 billion (820 million) spent on content in 2020 alone.

Netflix is available in more than 190 countries, and has almost 200 million subscribers worldwide.