Toronto – Another price hike is on the way for Netflix Canada subscribers as the competition hits up among the biggest streaming video services.
The company behind "Narcos" and "Orange is the New Black" is introducing its biggest price increase for both new subscribers and current members.
Netflix standard design will now cost $ 3 more – or $ 13.99 a month – to keep content on two screens at a time.
The basic design – which does not offer high-definition video and only allows one stream – rises a dollar to $ 9.99 a month.
Premium subscribers pay $ 3 more – or $ 16.99 a month – for up to 4 simultaneous streams and ultra high resolution 4K video.
Netflix says the higher prices are effective for new subscribers, while the existing users will notify email before their bills rise in the coming weeks.
The company most recently increased prices for most plans by a dollar over a year and a half ago.
Netflix says the market will support Apple's next-generation TV series and films and overall improvements to the Netflix platform.
But the company also faces deep competition next year as the number of streaming platforms in the Canadian Market with attractive offerings grows.
Earlier this month, Master Media introduced a higher level of its crew streaming service that includes a selection of recent Hollywood movies and new HBO programs. The package, dubbed Crave +, costs about $ 20 per month.
Next year, Disney jumps into the market with its own streaming platform. Disney + is expected to be stored with movies and original series as a pricelist to "Star Wars: Rogue One" and a Marvel Superhero show based on the character Loki of "Thor" and "The Avengers."
Other platforms can also create recordings, including a new service operating through critics that specializes in classic films, and CBS All Access, which is covering its library of original shows, which include "tell me a story" and "funny angel."