Netflix provides subscribers a great motive to not cancel … with a value hike of £ 24 per yr on the horizon

Shortly after confirming that subscription prices in the UK will increase by as much as £ 24 a year, Netflix unveiled its ambitious original content plans for the next twelve months. And if you’re a movie buff, you might want to swallow the price hike and stick with it. That’s because Netflix plans to launch an original movie every week in 2021 through its streaming service.

In a new trailer full of A-list talent including Leonardo DiCaprio, Jennifer Lawrence, Dwayne Johnson, Gal Gadot, Ryan Reynolds, Halle Berry, and Lin-Manuel Miranda, Netflix has given subscribers a glimpse of some of the blockbusters that are set in the next will arrive twelve months. Films known for their binge-ready box sets, including Making A Murderer, House Of Cards, and Orange Is The New Black, have increasingly become a focus of the video-on-demand platform.

And with cinemas closed due to the ongoing public health crisis in much of the world, Netflix has quickly acquired a staggering number of films. Netflix has never planned as many films as it has canned for next year – with more than 70 films waiting in the wings. And there is potential for the list to grow as Netflix is ​​expected to acquire new projects later this year.

Last year, Netflix acquired The Trial Of The Chicago 7 from Paramount and Enola Holmes from Legendary Entertainment amid uncertainty that the theater can stay open. When asked if the pandemic will result in studios stopping theatrical releases and outsourcing more projects to Netflix, Co-CEO Ted Sarandos told investors in October: “We’re all looking at each other [available studio films] and we’ll be seated at the table, but I’d consider it a pretty short-term opportunity while the studios reconfigure how they’re going to release movies … we’re going to pick up some, not all, but we’ll definitely be in the mix. “

But 70 original film projects – as well as lavishly produced shows like Bridgerton, The Crown, Mindhunter – are not cheap.

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To keep funding its ambitious film and television projects going, Netflix has announced a new price increase for subscribers in the UK. The cost of a number of subscriptions will increase next month, US streaming service customers have been informed. This coincides with a price hike from rival Disney +, which has a similarly ambitious roster of original movies and films with its roster of Marvel, Star Wars, Pixar, and Walt Disney animated characters, as well as similarly mature content for older subscribers.

The standard monthly plan, which allows users to watch high definition and stream on two screens at the same time, is increased from £ 8.99 to £ 9.99. In the meantime, the Premium tier, which includes streaming Ultra HD quality on up to four screens at the same time, will go from £ 11.99 to £ 13.99. That’s an increase of 24 pounds a year.

Fortunately, the entry-level package, which only offers standard definition streaming on a single screen, stays at $ 5.99.

New subscribers will now be billed at the updated monthly rates, while existing customers will incrementally increase their bills. Netflix states on its website: “These prices are for new members and will take effect gradually for all current members. Current members will be notified by email 30 days before their price change takes effect. “

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