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Netflix to increase prices of 2 tiers in Belgium

Netflix Inc. will hike the monthly price of two of its subscription tiers in Belgium amid increased investments in content production, Digital TV Europe reported, citing Le Soir.

The U.S. streaming provider's standard monthly plan will increase by €1 to €11.99 from €10.99, while the premium tier will increase by €2 to €15.99 per month from €13.99 per month. The basic tier will remain at €7.99 per month.

Netflix launched its services in Belgium in 2014. Its first Belgian original series, "Into the Night," will premiere on its platform in 2020.

Earlier, Netflix announced price increases for its subscribers in Malaysia and Singapore.