Netflix to raise prices in the u.k. and the U.S.

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Netflix has raised prices in countries such as the united kingdom and the united states for the first time in two years.

The service of streaming of video will also increase subscription charges in some European countries, a spokeswoman said.

A standard UK plan increase of 50p to £7.99 per month, while a premium subscription for four users simultaneous jumps £1 to £9.99 per month.

The plan increases by $1 to $10.99 a month, with a $2 rise to $13.99 for the premium option.

A basic subscription in the uk, which does not offer high-definition vision, remains at £5.99 a month.

The increases will apply immediately for new customers, while existing users will be notified of the change 30 days in advance.

Germany and France are among the countries where the increase of the prices. The subscription is modified in Canada, Latin America and some Nordic countries at the beginning of this year.

Netflix said in July that it has 104 million subscribers worldwide, while revenue grew 32% in the second quarter to $2.8 billion.

Shares of Netflix closed down 5.4% in New York, taking the stock win this year’s 56%.

The price rises come as Netflix faces increasing competition from Amazon and other sites such as Hulu in the united states.

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The company continues to spend more on original programming, such as The Crown, Strange Things, and the House of Cards.

It also promises to 40 films this year ranging from “the big-budget popcorn movies based independent film.”

One of those titles, Mudbound, which Variety describes as “an epic about race and poverty in the 1940s Mississippi Delta,” starring Mary J. Blige and Carey Mulligan.

The film, which premiered at the film festival in Toronto last month, is available to stream from the 17th of November – the same day that it opens in some us cinemas.

Some critics say that is a contender for the Academy Awards, and will be the first Netflix feature to be in the Oscars race.