Almost Half Of People Are Planning To Cancel Netflix Due To Price Increase

Off the back of the news that Netflix would be raising its prices for all customers, almost half of people asked said they are planning to cancel their subscription.

Yesterday (10 March), the streaming service confirmed that users would be paying more each month, with basic and standard plans set to go up by £1 to £6.99 and £10.99, respectively.

Premium tiers, meanwhile, will increase by £2, taking the total to £15.99 a month. 

A spokesperson for the company said: "We have always been focused on providing our members both quality and clear value for their membership. 

"Our updated prices reflect the investment we have made in our service and catalogue, and will allow us to continue making the series, documentaries and films our members love as well as investing in talent and the creative industry. 

"We offer a range of plans so members can choose a price that works best for them." 

Customers in Ireland will see their basic plan increase by €1 and €2 for the standard and premium tiers, respectively. 

The rise will be come in immediately for all new members, however, existing members will receive an email 30 days before they come into effect – dependent on their payment cycle. 

In response to the changes, LADbible polled its readers to see if they planned to cancel their subscription to the popular streaming service.

We asked on Twitter: "Will you be cancelling your Netflix subscription as a result of the rise in prices?"

Out of 11,268 votes, 48.5 percent said they would cancel their subscriptions, compared to 51.5 percent who said they would not.

Will you be cancelling your Netflix subscription as a result of the rise in prices?

— LADbible (@ladbible) March 10, 2022

Many people commented to discuss their thoughts on the matter, with some people admitting they weren't too bothered - while others said it could prove to be a problem for them.

One tweeted: "If you go to the cinema once a month you're paying more than you are for Netflix and it's certainly better value by miles than the prices Sky charge."

Another said: "It’s a quid folks. So let’s all relax."

A third agreed: "Imagine being tight enough to cancel a service you use for the sake of a pound."

But a fourth pointed out in a reply: "£1 is a 17 percent increase."

One person said: "Never purchased from beginning and was thinking about it. Na deffo not now."

Another said they wouldn't cancel but would 'downgrade a tier (or 2)', while one other simply joked: "Like anyone actually has a subscription, we all just using the same one that only one person is paying for."