Netflix announces further €1 rise in monthly charge

Online streaming service Netflix is to hike prices by €1 for new Irish subscribers — the third increase in 18 months.

The increase, which will also apply to users across Europe, means it will now cost €10 to access Netflix two-stream HD plan, up from €9.

The cost for existing users will remain the same until August 2016. Netflix has blamed the price hikes on the need to raise funds to source new TV shows and films.