Netflix Increases Subscription Price By 40% In Nigeria - TV/Movies

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Netflix Increases Subscription Price By 40% In Nigeria - TV/Movies - Nairaland

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Netflix Increases Subscription Price By 40% In Nigeria by nlfpmod: 12:43pm On Jul 24

Video streaming platform, Netflix, has once again increased its subscription prices in Nigeria with its Premium Plan going up by 40% to 7,000 from N5,000 per month.

The latest price increment makes it the second price adjustment by the platform within the space of 3 months, having implemented a price increment earlier in April this year.

According to the price update on the company’s website, the Standard plan subscription, which is popular among Nigerian subscribers for its HD quality and multi-screen viewing options, has been increased from N4,000 to N5,500. This represents a 37.5% increment.

Netflix’s Basic plan, which was N2,900 has been jerked up by 21% to N3,500, while the lowest subscription plan, Mobile, has gone up by 83% from N1,200 to N2,200.

April increment

Earlier in April, the streaming giant announced an increment that saw its Premium Plan price moved to N5,000 from N4,400. At the same time, the Standard Plan was increased from N3,600 to N4,000, while the Basic Plan remained unchanged at N2,900.

At the time, Netflix said the price adjustment was part of a broader strategy to revise its subscription fees across various regions. The changes, according to the company, were aimed at accelerating its revenue and earnings growth, following a pattern of periodic price hikes to support the expansion of content offerings.

What you should know

The Netflix price increment comes amid high inflation in Nigeria that has pushed up prices of every product and service being offered in the country. While Nigerians grapple with skyrocketing food prices, home entertainment is becoming out of reach for many households as a result of price increases.

Meanwhile, Netflix has been adjusting prices in key markets globally, including the United States, United Kingdom, and France, with the Basic and Premium plans experiencing increases in October 2023.

https://nairametrics.com/2024/07/24/netflix-increases-subscription-price-by-40-in-nigeria/#google_vignette

4 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by EyeCumInPeace: 12:47pm On Jul 24

Everything on the increase.
Inflation will soon render ₦50 and ₦100 worthless like ₦5 and ₦10.

96 Likes 2 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by Franklyspeakin: 12:49pm On Jul 24

ahhh

Re: Netflix Increases Subscription Price By 40% In Nigeria by Anijay1212(m): 12:50pm On Jul 24

No nah.
I hope inflation doesn't kill us before our time.🤔🤔🤔

20 Likes 2 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by 9jaBloke: 12:51pm On Jul 24

2900-3,500 sad

3 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by Didijiji: 12:51pm On Jul 24

Cost of everything is just rising because ONE STUPID GOVERNMENT is in power

Very USELESS government led by scammers who claim to have built Lagos, a former capital of Nigeria

147 Likes 9 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by AngelicBeing: 12:52pm On Jul 24

Re: Netflix Increases Subscription Price By 40% In Nigeria by RepoMan007: 12:52pm On Jul 24

Who watches films on Netflix if not the fast n furious earners?

7 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by lsoul: 12:52pm On Jul 24

Don't blame Netflix, blame naira value to dollar

21 Likes 4 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by Masterviolence(m): 12:52pm On Jul 24

To those of you relentlessly defending this incompetent administration because of 30k a month , be rest assured that your 30k will still not be enough to live a normal life.

This is just a drop in the ocean for the citizens.
By the time dollar is 2500, hunger will make those 30k earners think straight.
By the time this administration deal with the common man for the next 7years, they'll know the difference between voting for good governance or enjoying sweet set back for another 8 years

45 Likes 5 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by bobbiiee: 12:52pm On Jul 24

Well done. Many new movies are on telegram. Those that cant afford the the new rate can go for lower sub. Iptv may be a good option. 7k for something I may not watch more than 3 times in a week.

16 Likes 3 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by Stephendeals: 12:52pm On Jul 24

There are very few commodities that have not experienced price hike in recent months, shocked

prices of basic needs keep increasing and even the increased wages cant cover for it.

All will be well cry

5 Likes 1 Share

Re: Netflix Increases Subscription Price By 40% In Nigeria by Yugoslavia247(m): 12:52pm On Jul 24

RepoMan007:
Who watches films on Netflix if not the fast n furious earners?

M

Did you just show your st.up.idity online

Really?
So paying 3500 and buying 2gb of data of 500
Makes u a fast and furious earner or fraudster

Like why will you think like a goat.
3500 is a decent plate of food in Nigeria right now

33 Likes 2 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by Racoon(m): 12:53pm On Jul 24

Crazy world!

Re: Netflix Increases Subscription Price By 40% In Nigeria by Theoarhics: 12:53pm On Jul 24

Prime is still the same price it has been since last year. Same with Amazon. Or are they not in Nigeria too?

9 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by omoadeleye(m): 12:53pm On Jul 24

Oops. That's not an issue

Re: Netflix Increases Subscription Price By 40% In Nigeria by RealLordZeus(m): 12:53pm On Jul 24

Netflix wey we still dey use hold body and distract ourselves

3 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by Obviouslyblunt: 12:53pm On Jul 24

Lol. For you guys that pay for Netflix. I watch all my movies free and you guys that pay for Netflix don’t even get it before me or clearer than mine.

7 Likes 1 Share

Re: Netflix Increases Subscription Price By 40% In Nigeria by 2special(m): 12:53pm On Jul 24

Have been seeing this Netflix, I don't know anything about it....I need to educate myself

Re: Netflix Increases Subscription Price By 40% In Nigeria by Nahunger(m): 12:53pm On Jul 24

Re: Netflix Increases Subscription Price By 40% In Nigeria by HypocriticalObi: 12:53pm On Jul 24

Re: Netflix Increases Subscription Price By 40% In Nigeria by BABANGBALI: 12:54pm On Jul 24

Una never see anything. All of una go suffer

If we ever did something wrong together & the Holy Spirit touches you to confess one day 🙄 please confess only ur part and don’t feature me in your story 🙄🙄🚶🏾🚶🏾

Re: Netflix Increases Subscription Price By 40% In Nigeria by sparko1(m): 12:54pm On Jul 24

RepoMan007:
Who watches films on Netflix if not the fast n furious earners?

I do, I don't do DSTV of Gotv.

3 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by BABANGBALI: 12:54pm On Jul 24

Obviouslyblunt:
Lol. For you guys that pay for Netflix. I watch all my movies free and you guys that pay for Netflix don’t even get it before me or clearer than mine.

liar

4 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by alezzy13: 12:54pm On Jul 24

Well for me it's still ok. Compared to DSTV

4 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by Matheusmartin: 12:55pm On Jul 24

...
30 persons can put head and share the bill, since they've been sharing the same log in details..
grin

3 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by Yugoslavia247(m): 12:56pm On Jul 24

Obviouslyblunt:
Lol. For you guys that pay for Netflix. I watch all my movies free and you guys that pay for Netflix don’t even get it before me or clearer than mine.

Do you mind sharing

Re: Netflix Increases Subscription Price By 40% In Nigeria by tommy589(m): 12:56pm On Jul 24

Me that is even tired of your streaming. This month self I for don cancel my subscription,If not for automatic deduction from my account

1 Like

Re: Netflix Increases Subscription Price By 40% In Nigeria by Obviouslyblunt: 12:56pm On Jul 24

BABANGBALI:
liar

I no ever get strength to argue. Just a tip on my phone, not android box yet o.

5 Likes 2 Shares

Re: Netflix Increases Subscription Price By 40% In Nigeria by matsonj3(m): 12:56pm On Jul 24

8 Likes

Re: Netflix Increases Subscription Price By 40% In Nigeria by seborrhic: 12:57pm On Jul 24

Please I maybe naive with this Netflix but don't you still have to subscribe for data?
So if you have to subscribe still for data for HD,which may cost average of 1Gb for each HD movie,how does this make economic sense?
Unless of course you are in a place where you have free WiFi or access to one.

15 Likes 2 Shares

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