KUALA LUMPUR: Netflix has announced a price update for the Basic Plan in Malaysia today.
Effective immediately, the new monthly fee for the plan has been set at RM28 as opposed to the previous price tag of RM35, announced the popular streaming platform on its social media channels today.
This translates to a 25 per cent reduction over the previous monthly fee which was first put into effect in January 2020.
In fact, this is the lowest monthly price for the streaming service's Basic Plan to date as the tier was priced much higher at RM33 when Netflix made its official debut in Malaysia back in 2016.
The new pricing is yet another major update that Netflix has implemented on the Basic Plan for Malaysian customers within just a few months.
Last November, the service increased the resolution output to 720p HD for Basic Plan subscribers as opposed to the 480p SD output that has been part of the plan since its 2016 debut in our market.
Aside from the price update, no changes have been made on other allocations within the Basic Plan as subscribers continue to be able to watch and download content on one device at a time in addition to the 720p HD output.
The new price has since been reflected on Netflix's signup page as well as its Help Centre for Malaysia.
As for existing Basic Plan subscribers in Malaysia, Netflix said that the price update will be reflected in their billing in the coming weeks.
For three other Netflix subscription tiers, they remain the same for the time being.
Similarly, the Netflix Basic with Ads plan remains unavailable in Malaysia as noted in the service's Help Centre.