Price hikes strike once again, as Netflix Singapore has raised its prices to a costly premium with immediate effect. The move comes after the Netflix US price hike last year, with plans going up to S$26 at its highest tier. Whether the hike justifies Netflix’s catalogue is subjective, but there’s no denying inflation is hitting the market hard.
Premium users will bear most of the brunt, with a price increase of up to S$4. A Netflix Premium subscription gets you ultra HD streaming quality, up to four concurrent users at one time, downloads on six devices, spatial sound, and the ability to add non-family members. At S$26, however, the cost for premium entertainment gets steep.
Here’s a breakdown of the new prices:
Plan Tier | Old Price | Revised Price |
Basic | S$12.98 | S$13.98 |
Standard | S$17.48 | S$19.98 |
Premium | S$21.98 | S$25.98 |
The streaming giant recently added games to its offerings which subscribers can download for free, including Grand Theft Auto, Storyteller, Exploding Kittens, and more, so the total value of a plan with such games included would exceed the revised prices. But for subscribers who don’t enjoy mobile gaming and purely watch shows on the streaming platform, Netflix Singapore raising its prices could mean losing subscribers in the same way that Disney+ did after its price hike.
As Netflix Singapore raises its prices, consumers are growing increasingly dissatisfied with the cost of inflation on entertainment — whether the move eventually dooms streaming services remains to be seen.