The company also faces a growing number of other competitors who are seeking the Canadian rights for buzzworthy TV series and movies, and potentially driving up the acquisition costs.
CraveTV, which is owned by Bell Media, holds the rights to Showtime TV shows and some content from U.S. streaming site Hulu, while Amazon Prime Video acquired streaming licences for “Mr. Robot” and Starz cable series “American Gods.”
Netflix purchases the Canadian rights to U.S. network shows as well, including ABC’s “Scandal” and the CW’s “Riverdale.”
But earlier this week CBS Corp. announced plans to dive into the Canadian marketplace with its CBS All Access streaming service early next year. At once it’ll be vying to attract its own subscribers, while also competing for streaming rights and valuable library content.
Netflix generally raises its prices by country based on the local market. In June, the company bumped up the monthly bill for Australian users by a few dollars, saying it was responding to a local tax increase.