
Netflix has announced a Canada price rise after a record-breaking year.

Netflix market share globally last year rose to more than 300 million subscribers. That represents an increase of 41 million from 2023. That makes it the best year for subscriber gain so far, previous best being a 35.6 million-subscriber increase 2020 in no small part down to the pandemic.

Starting January 21st, Canadians will have to pay the following prices for Netflix:
- Standard with Ads — $7.99/month (up from $5.99/month)
- Standard (no ads, HD-supported) — $18.99/month (up from $16.49/month)
- Premium (no ads, 4K-supported) — $23.99/month (up from $20.99/month)
“As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix,” wrote Netflix of the reason for the price hikes in its Q4 2024 earnings report.
One of those investments was undoubtedly the live stream boxing match between Former Heavyweight Champion Mike Tyson and Jake Paul. That livestream was so successful that it proved too much for the streamer’s infrastructure though improvements have since been made according to the streamer.
Netflix recent acquisition of WWE and NFL games also point to investing in their content.
The company’s last price increase in Canada was in January 2022 — the second hike in two years at the time — which saw the price of the highest-end Premium membership going up to $20.99/month. Last year, the company also axed its cheapest ad-free plan, the $9.99/month Basic tier.
So are you thinking about dropping your Netflix subscription due to the price rise.
SOURCE: news.sky.com