Netflix is raising prices for the third time in three years, although the cost of its basic offering will stay the same. This marks the third increase over the last three years with the company last hiking prices in June 2019. Netflix said its basic offering is unchanged at €7.99 a monthExisting subscribers will be notified by email and within the Netflix app a month before the new prices are applied to them. The price increases come as Netflix faces a battle for viewers with other streaming services, such as Disney+, which recently announced that its platform surpassed 73 million subscribers globally. Netflix, which is available in over 190 countries, has over 195 million subscribers.

Source: The Irish Times December 06, 2020 11:21 UTC