Netflix subscription rising to 6.99 in the UK

Existing members get the old price for two more years.

Streaming service Netflix is raising its subscription fee by 1 to 6.99 per month in the UK.

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But existing members will keep their old 5.99 price for two years, subscribers were informed via email last night.

Netflix is similarly raising its subscription fee in the US (by $1) and in Europe (by €1). The money will be ploughed back into new programming.

"In order to continue adding more films and TV programmes, we are increasing our price from 5.99 to 6.99 for new members," the company wrote.

"As a thank you for being a member of Netflix already, we guarantee that your plan and price will not change for two years."

Netflix now has an app on pretty much every console available - PlayStation 3, PlayStation 4, Wii, Wii U, Xbox 360 and Xbox One, as well as versions for Android and iOS devices, Macs and PCs.

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