Netflix is increasing the subscription cost for Australian consumers from today (November 11) so you better tell whoever is paying for your account to buckle up.
The changes will affect people with standard and premium accounts, with the former going from $15.99 to $16.99 per month and the latter going from $19.99 to $22.99.
The basic plan will remain the same at $10.99.
News of a price hike will no doubt result is a bit of disgruntlement considering the standard account price was increased only late last year. The cost of a premium account was also jacked up two years ago.
This change will affect all new customers who sign up from today, however exisiting subscribers will have an extra week until they feel the crunch on November 18.
While you might be annoyed at having to fork out a little more money to watch your favourite shows, the streaming platform has revealed that the extra $1-3 helps them bring you bigger and better content in the future.
A Netflix spokesperson said in a statement: "We know Australians have never had more choices when it comes to entertainment, and we're more committed than ever to delivering an experience that exceeds their expectations.
"Members tell us how much they value the breadth and variety of the catalogue, and we're updating our prices so that we can continue to invest in more shows and films.
"As always, there'll be different plans so that people can pick a price that works for their budget."
The basic plan allows a person to have one simultaneous stream which will be delivered in standard definition picture quality only.
The standard plan upgrades it to high definition and permits two devices to download content on.
When you fork out the big bucks for a premium plan it will allow four devices and ultra high definition quality. Perfect for watching Sir David Attenborough's documentaries.
The price hike could also cause many people to rethink what streaming services they want to sign up to.
You've got the opportunity to subscribe to Apple's streaming service, as well as Stan, Hulu, Foxtel, Binge, Amazon Prime, Paramount+, Disney+ and others. It's up to you to make the ultimate choice of one, two, three or hell, the whole lot.
Featured Image Credit: Alamy
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