Netflix has increased its pricing plan in Japan by 15%, with the new prices taking effect on November 29th. The new monthly fee for a standard plan will be ¥2,290, up from the previous price of ¥1,980.
This price increase is the first time Netflix has hiked its prices in Japan since its launch, and is part of a global trend of price increases by the streaming giant.
The price increase is seen as a move to offset the rising costs of content creation and production, as well as to fund its expansion into new markets.
For subscribers, the price increase may be a bitter pill to swallow, but Netflix promises to continue providing high-quality content and a wide range of titles for its subscribers to enjoy.
In related news, Netflix has announced plans to launch new features and improvements to its service, including enhanced content recommendations and a more personalized user experience.
With this latest price hike, Netflix is expected to continue its dominance in the streaming market, and its subscribers are expected to continue enjoying high-quality content and innovative features.