David Friend, Canadian Press
Published Thursday, November 29, 2018 9:23 am EST
TORONTO. Another price hike is suitable for Netflix Canada subscribers, as competition heats up among the biggest streaming video services.
The company behind “Narkos” and “Orange – new black” represents the biggest price increase for both new subscribers and current members.
The standard Netflix plan will now cost another $ 3 – or $ 13.99 per month – to view content on two screens at a time.
The basic plan — which does not offer high-definition video and only allows one stream — raises a dollar to 9.99 dollars a month.
Premium plan subscribers pay an additional $ 3 – or $ 16.99 per month – up to four simultaneous streams and 4K high-definition video.
Netflix says that higher prices will take effect immediately for new subscribers, while existing users will be notified by email before their accounts grow in the coming weeks.
The company has recently increased the price of most plans for the dollar about a year and a half ago.
Netflix says the move will help fund upcoming TV shows and movies, as well as general improvements to the Netflix platform.
But next year, the company will also face intense competition as the number of streaming platforms in the Canadian market grows with attractive offers.
Earlier this month, Bell Media unveiled a higher level of its Crave advertising campaign, which includes a selection of the latest Hollywood films and new HBO programs. The package, called Crave +, costs about $ 20 per month.
The following year, Disney enters the market with its own streaming platform. It is expected that Disney + will be equipped with films and original series, such as the prequel for Star Wars: Rogue One and the Marvel superhero show based on the character Loki from Thor and The Avengers.
Other platforms can also move ahead, including a new service managed by Criterion, which specializes in classic films and CBS All Access, which expands its library of original shows, which include Tell Me a Story and Strange Angel.