Why Netflix Is Increasing Cost Of Subscription For Customers?

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As Britain enters the new-lockdown Netflix Inc raised its subscription charges for millions of stay-at-home customers on Wednesday. The streaming services for entertainment increases its price for the most demanded two-screen standard subscription by 1 pound to 9.99 pounds ($13.60) per month. For the premium subscribers, the price is hiked from 2 pounds to 13.99 pounds per month. On Wednesday a Netflix spokesman told, “This year we’re spending over $1 billion (736 million pounds) in the UK on new, locally made films, series, and documentaries, helping to create thousands of jobs and…