Netflix has increased the cost of premium subscriptions in the UK.
The streaming giant says American and French customers will also be affected – and revealed a crackdown on password sharing that began in May had failed to dent demand.
Netflix said almost nine million households signed up worldwide between July and September – the biggest surge in subscriber numbers since COVID lockdowns in early 2020.
That’s substantially higher than the six million new subscribers that analysts on Wall Street had been expecting, and Netflix now has 247 million customers worldwide.
The company – behind hits including The Crown – expects to attract a further nine million subscribers in the final three months of this year, including the all-important Christmas period.
But its premium ad-free plan now costs £17.99 in the UK – a rise of £2 – with basic plans priced at £7.99. Ad-supported and standard subscriptions remain at their current levels.
Shares rose by as much as 13% in after-hours trading – but revenues of $8.54bn (£7.05bn) in the third quarter slightly missed Wall Street estimates.
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Analysts said the growth in subscribers shows Netflix is thriving despite Hollywood strikes that have shut down the bulk of productions in the US.
While film and television writers agreed a new contract this month, actors remain off work.
Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said: “The ad-supported tier is still very much in its infancy, and while a respectable whack of revenue’s being generated, the focus is very much on what the longer-term growth trajectory will be.
“There have been rumblings that the ad business isn’t as hot as it could be so there’s pressure for performance to keep moving upwards.
“The market is increasingly preoccupied with where Netflix’s long-term growth drivers are coming from, with a limit to how far membership prices can be inflated in the current environment and the tailwind from the password crackdown due to taper out at pretty exceptional speed.”
Actor James Norton, who stars in a new film telling the story of the world’s first “test-tube baby”, has criticised how “prohibitively expensive” IVF can be in the UK.
In Joy, the star portrays the real-life scientist Bob Edwards, who – along with obstetrician Patrick Steptoe and embryologist Jean Purdy – spent a decade tirelessly working on medical ways to help infertility.
The film charts the 10 years leading up to the birth of Louise Joy Brown, who was dubbed the world’s first test-tube baby, in 1978.
Norton, who is best known for playing Tommy Lee Royce in the BAFTA-winning series Happy Valley, told Sky News he has friends who were IVF babies and other friends who have had their own children thanks to the fertility treatment.
“But I didn’t know about these three scientists and their sacrifice, tenacity and skill,” he said. The star hopes the film will be “a catalyst for conversation” about the treatment and its availability.
“We know for a fact that Jean, Bob and Patrick would not have liked the fact that IVF is now so means based,” he said. “It’s prohibitively expensive for some… and there is a postcode lottery which means that some people are precluded from that opportunity.”
Now, IVF is considered a wonder of modern medicine. More than 12 million people owe their existence today to the treatment Edwards, Steptoe and Purdy worked so hard to devise.
But Joy shows how public backlash in the years leading up to Louise’s birth saw the team vilified – accused of playing God and creating “Frankenstein babies”.
Bill Nighy and Thomasin McKenzie star alongside Norton, with the script written by acclaimed screenwriter Jack Thorne and his wife Rachel Mason.
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The couple went through seven rounds of IVF themselves to conceive their son.
While the film is set in the 1970s, the reality is that societal pressures haven’t changed all that much for many going through IVF today – with the costs now both emotional and financial.
“IVF is still seen as a luxury product, as something that some people get access to and others don’t,” said Thorne, speaking about their experiences in the UK.
“Louise was a working-class girl with working-class parents. Working class IVF babies are very, very rare now.”
In the run-up to the US election, Donald Trump saw IVF as a campaigning point – promising his government, or insurance companies, would pay for the treatment for all women should he be elected. He called himself the “father of IVF” at a campaign event – a remark described as “quite bizarre” by Kamala Harris.
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Bill Nighy ‘proud’ of new film on IVF breakthrough
“I don’t think Trump is a blueprint for this,” Norton said. “I don’t know how that fits alongside his questions around pro-choice.”
In the UK, statistics from fertility regulator HEFA show the proportion of IVF cycles paid for by the NHS has dropped from 40% to 27% in the last decade.
“It’s so expensive,” Norton said. “Those who want a child should have that choice… and some people’s lack of access to this incredibly important science actually means that people don’t have the choice.”
Joy is in UK cinemas from 15 November, and on Netflix from 22 November
Cillian Murphy and his wife Yvonne McGuinness have bought a cinema the Oscar-winning actor used to visit as a child.
The couple will refurbish The Phoenix Cinema in Dingle, County Kerry, south-west Ireland, next year.
The venue, which had previously been used as a dance hall, had been in operation for more than 100 years, and on the market for three before Murphy and McGuinness bought the building.
Oppenheimer and Peaky Blinders star Murphy, from Cork, said: “I’ve been going to see films at The Phoenix since I was a young boy on summer holidays.
“My dad saw movies there when he was a young man before me, and we’ve watched many films at The Phoenix with our own kids. We recognise what the cinema means to Dingle.”
McGuinness added: “We want to open the doors again, expand the creative potential of the site, re-establishing its place in the cultural fabric of this unique town.”
The Phoenix is the only cinema in the tourist area of the Dingle Peninsula, and without it, the closest other movie theatre for residents of the town is in Tralee, almost 30 miles away.
It opened in 1919 and was reconstructed twice in the decades that followed, after fires damaged the building.
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Its previous owners struggled to keep The Phoenix going amid the COVID-19 pandemic and shut the cinema’s doors in November 2021, citing rising costs, falling attendance and challenging exhibition terms.
Murphy took awards season by storm this year, winning a Golden Globe, a Bafta and an Oscar for his performance as the titular character in Oppenheimer.
Next year, he will reprise one of his most well-known roles by playing Tommy Shelby in a movie version of Peaky Blinders.
Ed Sheeran helped Ipswich Town to sign a player over the summer just before getting on stage with Taylor Swift, according to the club’s chief executive.
Mark Ashton claims the pop star got on a video call to encourage a prospective new signing to seal his move to the East Anglia outfit.
He did not reveal the player’s name, but said he is “certainly scoring a few goals” and is a fan of Sheeran, who is a minor shareholder at his hometown club.
“Ed jumped on a Zoom call with him at the training ground, just before he stepped on stage with Taylor Swift,” Ashton told a Soccerex industry event in Miami.
“Hopefully that was a key part in getting the player across the line.”
Sheeran and pop icon Swift were on stage together on 15 August at Wembley Stadium, one day before Sammie Szmodics signed from Blackburn.
After scoring an overhead kick in Ipswich’s 2-1 win over Tottenham this month, he shared a picture of himself with Sheeran on Instagram.
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