Additional Costs for Streaming Services: What Awaits Canadians?
28.04.23, 15:36, Msk
In the modern world, streaming services are becoming increasingly popular. From Netflix to Hulu and Amazon Prime Video, there is no shortage of streaming options for users around the globe. With so many different streaming services available, it can be difficult to decide which one is best for you, especially when there are different costs of services.
Content |
With so many services available and an ever-increasing list of content, it is easy to see why people are spending more money than ever before on these services. If you want to have additional funds to pay for streaming platforms, unsecured loans for bad credit in Canada can be an ideal solution.
Those who are Netflix users should take into account that the era of password sharing has finished. It was announced on February 8th that consumers would need to pay a fee for sharing a single account between one or more locations in a few countries, including Canada.
This announcement followed a record subscriber loss in 2022. The experts believe that sharing passwords cost Netflix $8 billion every year in lost revenue. Here are what additional costs for streaming services wait for Canadians and what alternatives you might have.
New Password Sharing Rules and Costs
Netflix makes a new system to crack down on password sharing in several countries, including Canada. As a result, consumers will need to pay an additional $8 per month to share their accounts across numerous locations.
The customers will be notified about restrictions and better understand who can access their account outside their household and share their password. What about Canada?
The new rules state that a single consumer will have to pay $5.99 per month for a plan used by one person in one location on one device. This concerns ad-supported plans. If you select a plan without ads, you will need to pay $9.99 per month.
A standard plan that costs $16.99 per month means a client may watch on two devices but in the same location. Those who want to watch on several devices and in different locations will have to cover an additional fee of $7.99 per month.
Speaking of the standard plan, it is restricted to one extra user. There is the premium plan as well. As you may tell from its name, this plan is the most expensive but offers more perks. It lets four users watch at the same time. The price for the premium plan is $20.99 per month. Every extra user in a new location will cost you an additional $7.99 fee. Hence, the monthly price for the Netflix package with the largest bonuses will be $35.
What Makes Netflix So Popular in Canada
It is necessary to admit that Netflix was first introduced to Canadians in 2010. This web video platform had over a million paying subscribers by the end of 2011. With such paying subscriber growth, Netflix revenue was estimated to boost from 115 million Canadian dollars in 2011 to about 447 million in 2015.
Interestingly, Alberta was the province with the highest number of Netflix subscriptions – over half of the consumers in this region subscribed to this service in 2015.
Statista shows the projected number of Netflix users in Canada from 2017 to 2025. The chart shows that about 18 million Canadians were using Netflix at least once a month in 2020.
The source of the chart: statista.com
The number of Netflix users grew by almost three million between 2018 and 2019, with 16.2 million consumers using it in 2019. It is estimated that this number will keep on increasing, and there will be more than 19 million Netflix users in Canada by 2025.
Ways to Stream TV Shows Cheaper in Canada
Are you willing to keep your Netflix account? You may want to take advantage of cheaper options and plans. You might want to split the cost or add another user. Adding a user or buying a premium package will cost you another $24.48 a month.
If you split this cost with another person, it will only be $12.24 each. Besides, purchasing the Premium package will be cheaper for three customers – each of you will need to pay $11.99 instead of $35.97 a month.
Furthermore, there are several competitors of Netflix. You may choose among the streaming services that don’t charge fees for additional users. Don’t forget to select a free trial before purchasing a cheaper alternative to check if it’s worth it. It’s always wise to compare your options and check the content of other providers.
Alternative Streaming Services in Canada
Are you willing to take a break from Netflix or find a cheaper alternative? While Netflix is one of the leaders in this market, some competitors can be more affordable. Take some time to check the reviews and compare your options.
You may even decide to switch to another provider and save your money. Here are the streaming services available in Canada at the moment.
- Crave
It may be a decent alternative to Netflix. The subscription costs from $9.99 a month. It offers access to the whole HBO library, which makes Crave an attractive option. There are plenty of movies for everyone.
- Prime Video
If you select Prime membership for $9.99 a month, the subscription is free. You may access various TV shows and movies for free if you are an Amazon Prime member.
- Disney+
This is another popular streaming service in Canada. It costs from $11.99 a month. You may also purchase an annual subscription for $119.99. As you may tell from its name, this streaming service is suitable for Disney fans as it includes plenty of original Disney films as well as family-friendly movies.
- CBC Gem
This streaming service is free of charge, but there are optional extras you might want to purchase. CBC has loads of classic Canadian content and movies. It has its own streaming platform, which is a great bonus. You may find a lot of documentaries, dramas, and sitcoms here. Premium membership costs just $4.99 a month.
The Bottom Line
The era of password sharing has come to an end. Nowadays, you will need to pay for additional users if you share your Netflix password between one or more locations in a few countries, including Canada.
As a result, consumers will need to pay an additional $8 per month to share their accounts across numerous locations. Those who want to lower their expenses for streaming services may opt for a different provider. There are several competitors of Netflix, so you may get a free trial to check if it’s worth getting a cheaper alternative.