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NETFLIX has announced prices rises in the US - and Brits could be hit by a similar hike very soon, an expert has warned.

Viewers across the pond have been told they'll have to pay up to $2.50 (£2.02) extra per month going forward.

a person holding a netflix remote in front of a tv
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Bills in the US are increasing by up to $2.50 per monthCredit: Getty

The increase so far affects the US, Canada, Portugal, and Argentina.

But an expert has warned Brits that the UK will likely be next.

In the UK, the ad plan currently costs £4.99, the standard plan costs £10.99 and the premium plan costs £17.99.

"Typically, the UK often follows the US and should expect news in due course around a similar percentage increase," Paolo Pescatore, an analyst from PP Foresight told The Sun.

Read more about Netflix

The last bill hike was announced in October 2023, when a premium plan went up £2 to £17.99 per month.

A year prior, Netflix launched a new ad-based tier for £4.99 per month.

Users in the US have been warned they will now have to pay $24.99 (£20.24) for a premium subscription, up $2 (£1.62) from the previous $22.99 (£18.62) they were paying previously.

The standard tier is increasing by $2.50 (£2.02) from $15.49 (£12.54) to $17.99 (£14.56).

And the basic ads plan will now cost an extra $1 (80p), up from $6.99 (£5.66) to $7.99 (£6.47).

Users have hit out over the changes on social media, saying price hikes have got "out of control".

You're throwing away money on Netflix – I found three common mistakes sending your bill soaring but the fixes are easy

"We all need to unsubscribe to teach them a lesson," one user wrote on X.

"Time to get rid of netflix," another commented.

"All these apps cost more than full cable these days," a third added.

The announcement comes as Netflix also revealed that it now has more than 300million subscribers globally.

NETFLIX PRICES AND PERKS – HOW MUCH ARE YOU PAYING?

Here's what you need to know...

Netflix Standard with Ads

Price: £4.99 UK / $7.99 US (previously $6.99)

  • Ad-supported, all but a few movies and TV shows available, unlimited mobile games
  • Watch on 2 supported devices at a time
  • Watch in 1080p (Full HD)
  • Download on 2 supported devices at a time

Netflix Standard

Price: £10.99 UK / $17.99 US (previously $15.49)

  • Unlimited ad-free movies, TV shows, and mobile games
  • Watch on 2 supported devices at a time
  • Watch in 1080p (Full HD)
  • Download on 2 supported devices at a time
  • Option to add 1 extra member who doesn't live with you

Netflix Premium

Price: £17.99 UK / $24.99 US (previously $22.99)

  • Unlimited ad-free movies, TV shows, and mobile games
  • Watch on 4 supported devices at a time
  • Watch in 4K (Ultra HD) + HDR
  • Download on 6 supported devices at a time
  • Option to add up to 2 extra members who don't live with you
  • Netflix spatial audio

Picture Credit: Netflix

"Price rises were widely expected and we should expect other countries to follow suit in due course," Paolo explained.

"The streaming business is following the traditional pay TV world with annual price rises.

"We should get accustomed to these price rises, more so as the streamer broadens its diversified portfolio of programming.

"In particular if it makes further opportunistic moves into acquiring live sports.

Read More on The Sun

"I firmly believe that hiking up prices will help fuel its growing aspirations in advertising too.

"Therefore, expect changes across the board as in the US."

How to cut streaming bills with top FREE TV

If you're fed up with Netflix bill rises you might want to try the growing number of free streaming alternatives.

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