Netflix Increases the price of its packages in Israel, after raising its package prices in the US a few months ago, now the company is starting to raise prices in the rest of the world. It seems that it has already become a method at Netflix that raises prices because it simply can.
The largest streaming company in the world markets the price of its basic package at NIS 32.9 per month. This is a standard quality package, and this price will remain unchanged. The second package in Netflix’s ranking is the HD package for watching two devices, and it will increase by 17%: from NIS 46.90 per month to NIS 54.90 per month.
Netflix’s prestigious package, called Premium, which allows viewing in 4K quality, will increase in price from NIS 60.90 per month to NIS 69.90 per month.
Mentflix responded: “We understand that people have more entertainment options than ever before and we are committed to providing an even better experience for our subscribers. We are updating our prices so we can continue to offer a greater variety of TV shows and movies. Our basic subscription remains at the same price, which guarantees That as many people as possible can enjoy our content. “
Most viewers will probably not abandon Netflix as long as it does not have effective competition, so the phenomenon of tariff increases with it will continue. At the same time, Disney Plus’ entry into Israel next year is expected to generate competition for Netflix and it will be interesting to see if the Israeli public will accept the price increase without comment.