Netflix raises monthly cost for Australian users
Account holders on Netflix's two standard plans will now be slogged an extra $2 per month, with the cheapest Netflix option, 'Standard with ads,' rising from $7.99 to $9.99 per month.
The standard, ad-free plan will rise from $18.99 to $20.99 per month.
Netflix's premium plan will see the steepest increase, up $3 per month from $25.99 to $28.99.
There's also been a $1 price hike across the board to add an extra member to any of the plans.
Netflix last increased its prices in May 2024 – before that, the premium plan was $22.99, meaning users on this plan have seen a 26 per cent price increase over the past 15 months.
Tech website Tom's Guide reports that back when Netflix first launched in Australia, the monthly cost for a 'basic' (ad-free) subscription was $8.99. The streamer's premium plan was just $14.99 when it launched, compared to $28.99 today.
In recent years, Netflix has focused efforts on cracking down on password sharing between households.
Netflix started sending out emails in May of 2023 to Australian users who were sharing their Netflix account with people outside their household.
'Your Netflix account is for you and the people you live with – your household,' the streamer warned at the time.
In other Netflix news, news.com.au royal reporter Bronte Coy revealed overnight that Prince Harry and wife Meghan are 'over the moon' to have inked a new deal with the streamer, which comes amid a challenging period for Harry.
The couple confirmed their 'first-look' deal on Monday, which – unlike their previous multimillion-dollar, exclusive agreement – gives the streaming giant the opportunity to view and potentially buy any future productions before they are shopped around to other studios.
It's understood to be worth significantly less than the contract Harry and Meghan signed back in 2020 – but a source close to the couple told news.com.au that they were 'thrilled' with the new arrangement.
'Where Netflix was five years ago is a very different place to where it is today. Obviously, five years ago there was the pandemic and the way they operated as a business was different – they paid people for exclusivity,' the insider pointed out.
'Now the landscape has changed so [Harry and Meghan] are thrilled to have been signed on for another deal.'
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