Netflix, a streaming service giant, has announced that it is lowering its subscription fees in the Philippines to provide better and more affordable streaming services to its users. The update to some of its subscription plans took effect on Feb. 21, 2023.

Credits: Netflix

This new pricing scheme will offer users more choices for their subscription plans, including a more affordable Basic Plan. Under this new pricing plan, current subscribers to the Basic Plan will now be paying a monthly fee of P249, a significant reduction from the previous fee of P369.

Subscribers to the Standard Plan will also enjoy a lower subscription fee of P399 per month, down from the previous fee of P459. However, Mobile Plan and Premium Plan holders will continue to pay the same monthly subscription costs of P149 and P549, respectively.

New members who sign up will immediately see the new price for their selected plan. Existing members will be notified via email and within the Netflix app 30 days before the new prices are applied to their accounts. The exact timing will depend on each member’s billing cycle.

Netflix said that this update will enable its subscribers in the Philippines to enjoy a vast array of great new shows and films that they have invested in over the past few years, including “Murder Mystery 2,” “Extraction 2,” “Heart of Stone,” “An Inconvenient Love,” as well as recently launched titles like “You S4,” “Your Place or Mine,” “Alice In Borderland 2,” “Glass Onion: Knives Out,” “Wednesday,” and “The Witcher.”

This move by Netflix aims to provide better and more affordable streaming services to its subscribers in the Philippines. By offering a variety of pricing plans, Netflix hopes to attract more viewers to its platform and provide better streaming experiences to its existing subscribers.