Canada will start paying more for Netflix.
The three levels of company service packages will rise in price. The basic plan, which allows users to watch in standard definition on one screen at a time, will go up one dollar to $ 9.99 per month.
The standard package, which allows users to watch in high definition on up to two screens, will increase $ 3 to $ 13.99 per month.
Finally, the premium level, allowing for four simultaneous streams in 4K, will increase by $ 3 to $ 16.99.
New prices are effective immediately for new customers. Existing customers will be notified by email before prices change in the coming weeks.
Following recent price increases where most plans have increased by one dollar. Previously, three plans cost $ 8.99, $ 10.99 and $ 13.99, respectively.
Netflix said rising prices would help finance upcoming TV series and films. In addition, this will help improve the overall platform.
However, Netflix also faces some fierce competition in the market. Earlier this month, Cra Media's streaming service from Bell Media introduced new packages including the recent HBO program, Hollywood films, around $ 20 per month.
Disney also plans to introduce streaming services next year with shows and films from popular franchises such as Star Wars and Marvel.
However, previous reports indicated that the Disney program would remain at Canadian Netflix.
Source: Globe and Mail