We all knew it was going to happen sooner or later, a rise in the monthly subscription cost for Netflix, but it didn’t seem real until I got the email today informing me that the cost of my subscription will increase from $11.99 to $13.99.
Looking at the two figures next to each other somehow seems a lot more than $2 a month for some reason. Probably due to the fact that this increase in Netflix subscriptions is just the start for an increase to many online services providing digital content to consumers.
The Netflix Tax or so it’s been dubbed, is a 10% tax imposed on intangible supplies such as supplies of digital content, games and software, akin to our good old GST on regular everyday items.
This new tax is estimated to cost consumers around $150 million this year and that figure will probably just keep going up. The age of cheap things on the internet is over.
New Netflix Prices:
$1 more $2 more $3 more
Netflix also justified the price increase by saying it’s pricing is adjusted as they add more exclusive TV shows, movies and introduce new product features to enhance the Netflix experience.
Will I be cancelling due to this increase? Hell no, I love Netflix and love the original content they produce and I’m more than happy to pay an extra $2 for it. I’m actually surprised they hadn’t increased the cost sooner, as this is the first time we’ve seen an increase since Netflix launched it’s service in Australia in 2015.