Technology

Netflix increases its prices in France

Posted ago 47 minutes

This increase is effective immediately for new subscribers and applicable to current subscribers during the next billing cycle. (Photo: 123RF)

The American streaming giant Netflix (NFLX) is increasing its prices in France by an additional one to two euros per month depending on the type of subscription, AFP learned Thursday from the platform confirming information from the Journal du Net.

The basic offer of Netflix called “essential” now costs 8.99 euros per month against 7.99 euros, the “standard” – which gives access to two screens simultaneously in HD quality – goes to 13.99 euros instead from 11.99 and the “premium” subscription (for four simultaneous screens and programs in 4K) at 17.99 euros against 15.99 previously.

This increase is effective immediately for new subscribers and applicable to current subscribers during the next billing cycle. It reflects the platform’s current and future investments in original films, series and documentaries, says Netflix.

Competition is now fierce between the multiple players in streaming, all engaged in a race for content to increase their subscriber portfolio. Faced with the first signals of market saturation, the platform announced at the end of July that it wanted to open up to video games.

At the end of June, Netflix, with nearly 210 million paying subscribers worldwide, posted revenue of US $ 7.3 billion for net income of US $ 1.35 billion.

The company’s title on Wall Street climbed US $ 23.64 or 4.53% to settle at US $ 545.51.

.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker.