This increase makes Netflix the most expensive streaming service, at least in Spain.
Netflix is raising its Spanish prices to compete in streaming. This could place the Los Gatos California site in an awkward position.
The cost of the service in Spain for popular series like Stranger Things or The Squid Game will increase between one and two euro depending on the contract plan.
Netflix will announce new prices for Europe, two months after it announced an identical increase, except for the Spanish market.
Users who wish to subscribe to the basic plan now must pay 8.99 Euros instead of the 7.99 Euros that they paid up until just a few minutes ago.
While this may seem like a small increase, it is actually quite significant, particularly for those plans that allow you to use the platform on more than one device simultaneously.
New users can already see the price rise, and subscribers who have a subscription will likely notice an official increase on October 18.
While the price rise was justified by the company needing more cash flow for production of original content to grow, the truth is that Netflix has become one of the more expensive streaming services in Spain.
Just to give you an idea, if we consider the current market prices, a year of Netflix would cost 21 euros more than the annuities of Disney + and Amazon Prime Video, as well as HBO Max.
Netflix has proven to be a solid investment in recent years. Netflix has been able to produce more content and have only glimpses of success. Disney + is a similar concept, but with the exception that many studios like Marvel and Pixar support it with new content and other content that has remained in the past.
Amazon Prime Video, HBO Max and HBO Max are the opposite. They have decided that it is better to launch fewer productions while ensuring greater success.
This scenario suggests that increasing the price could prove to be risky, especially if you consider the decreasing loyalty of streaming subscribers.