Good news to all Netflix users in the Philippines!&nbsp;
On Tuesday, Netflix announced a region-wide update which lowered the monthly fees for Filipino users subscribed to the Basic and Standard plans starting February 21.&nbsp;
Users currently subscribed to the Basic Plan will now be paying monthly fees amounting to P249 from P369&nbsp;while, those subscribers under the Standard Plan can now enjoy watching their favorite shows with a monthly cost of P399 from P459.&nbsp;
Mobile Plan and Premium Plan holders' monthly subscription fees of P149 and P549, respectively, were retained, the on-demand video streaming platform said.
"Netflix announced a region-wide update to some of its subscription plans. Starting February 21, 2023, subscribers from the Philippines can now enjoy a variety of movies and shows on Netflix at a much lower cost," it said.
New members who sign up will see the new price for the plans immediately starting February 21.
The update will roll out to existing members over the coming weeks from their next billing cycle. Existing members will be notified by email, as well as within the Netflix app 30 days before the new prices are applied to them.
The exact timing will depend on the specific member&rsquo;s billing cycle.
Netflix is among the top video streaming service globally with 231 million paid membership in over 190 countries.
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Netflix announces lower fees for Filipino users starting Feb. 21