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By Syndicated Content
Feb 4, 2021 3:06 PM
(Reuters) - Netflix Inc on Thursday raised monthly charges in Japan for its standard and basic plan as the streaming giant spends heavily on original content to stave off rising competition.
The company increased the price of its standard subscription, which enables two streams at the same time, by 170 yen to 1,490 yen ($14) per month, while the cost for its basic plan was raised to 990 yen from 880 yen.
The price of the company s premium plan, which allows for four simultaneous streams, will remain the same, Netflix said in a statement.
The company enjoyed a boom in subscriptions last year as people around the globe were told to stay at home to help fight the COVID-19 pandemic.
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British royal drama The Crown, small-town comedy Schitt s Creek and crime thriller Ozark led the pack of Golden Globe television nominees on Wednesday as voters showcased hits that entertained streaming audiences during a global pandemic. Newcomers Ted Lasso, The Flight Attendant and Emily in Paris also were nominated for television honors by the Hollywood Foreign Press Association, the group that hands out the Golden Globe trophies.
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Netflix raises prices for Japanese customers
FILE PHOTO: A smartphone with the Netflix logo lies in front of displayed Streaming service words in this illustration
(Reuters) – Netflix Inc on Thursday raised monthly charges in Japan for its standard and basic plan as the streaming giant spends heavily on original content to stave off rising competition.
The company increased the price of its standard subscription, which enables two streams at the same time, by 170 yen to 1,490 yen ($14) per month, while the cost for its basic plan was raised to 990 yen from 880 yen.
The price of the company’s premium plan, which allows for four simultaneous streams, will remain the same, Netflix said in a statement.
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