Netflix will raise costs on the standard and premium Australian subscription plans

Netflix will raise the cost of its Australian subscriptions from today.

The American streaming service will raise the fees on its standard and premium plans by up to $3 every month.

The cost for the standard plan changes from $15.99 every month to $16.99 per month. Clients on the standard plan were already slugged with an expansion in late 2020.

The cost for the premium plan will go up from $19.99 to $22.99 every month. The premium plan was most recently expanded two years sooner.

The basic plan stays at $10.99 every month.

Netflix’s progressions will be carried out from November 11 for new clients however it will not matter to existing members for at minimum one more week, kicking in at their next billing date after November 18. Netflix said it will allow members 30 days’ notice by email and notification.

By comparison, Disney+ is $11.99 per month, Binge* is $14 per month for its standard plan, Amazon Prime Video is $6.99 per month, Stan is $14 per month for its standard plan, Paramount+ is $8.99 per month and Apple TV+ is $7.99 per month.

A Netflix representative told: “We know Australians have never had more choices when it comes to entertainment, and we’re more committed than ever to delivering an experience that exceeds their expectations.

“Members tell us how much they value the breadth and variety of the catalogue, and we’re updating our prices so that we can continue to invest in more shows and films.

“As always, there’ll be different plans so that people can pick a price that works for their budget.”

The difference in the three Netflix levels for the most part identifies with the number of simultaneous screens you can watch (one on basic, two on standard, and four on premium) and the picture quality (SD on basic, HD on standard, and UHD on premium).

The timing of Netflix’s cost increment concurs with the streamer’s renewed slate of originals after several peaceful quarters because of productions being held up by pandemic closures.

Among its forthcoming original movies are Leonardo DiCaprio and Meryl Streep’s movie Don’t Look Up, Maggie Gyllenhaal’s directorial debut The Lost Daughter, and Oscar competitor The Power of the Dog.

There are additionally new seasons of famous series Stranger Things, The Crown, Emily in Paris, The Witcher, and Bridgerton ready to go.

Netflix let investors know that it would spend $US17 billion on content this year.

Locally, the streamer has commissioned a raft of Australian or Australian-produced originals including thriller Clickbait, controversial reality series Byron Baes, the revival of Heartbreak High, animated film Back to the Outback, Melissa McCarthy series God’s Favorite Idiot, Chris Hemsworth action flick Escape from Spiderhead and Jessica Watson biopic Spirit.

It’s likewise funding training and scholarship programs related to the NSW government, Screenworks, AFTRS, Screen Australia, and Bunya Productions.