[Ammi]

Online streaming service Netflix (NFLX) said it is increasing prices for most of its 13 million UK customers, with its standard plan rising to £9.99 ($13.54) a month.

The provider's standard plan will go up 11% from its current £8.99 a month fee.

Netflix's premium plan, which lets subscribers view programmes on four different screens simultaneously as well as watch in HD and Ultra HD where available, will jump from £11.99 to £13.99.

Its basic plan customers (one-screen and non-HD) won't see their bills rise and they will continue to pay £5.99.

Netflix said it started notifying customers on 1 January, and all of its UK users will be contacted in the next couple of months.

The company said the price hikes are essential to reflect the “significant investments” it has made in new TV shows and films.

Customers will be given a month's notice before the price rise kicks in. Those who don’t want to pay the higher prices can cancel their subscription without incurring any penalty.

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https://uk.yahoo.com/finance/news/ne...145409833.html