The US streaming service Netflix will make an aggressive push into the Australian streaming space by undercutting its two principal rivals, Stan and Presto.
The company formally announced its pricing today. Netflix will offer three pricing tiers, with the cheapest just $8.99.
But the entry-level service will deliver streamed content in standard definition only.
Stan, which is owned by Fairfax Media and the Nine Network, is priced at $10 a month, but offers high definition streaming at that price.
Netflix's other key rival, the Foxtel- and Seven Network-backed Presto, is priced at $9.99. It only offers content in standard definition.
The $8.99 subscription to Netflix will allow only one screen to stream in standard definition at any one time.
Netflix will also offer an $11.99 plan, which will allow high-definition streaming to up to two screens.
A third plan, costing $14.99, will allow the fastest streaming, 4K, to up to four screens.
4K is known informally as ultra-high-definition; it is based on a screen resolution that is 4000 pixels wide, almost twice standard (known as "720p") and high definition ("1080p"), which measured resolution by depth.
Measured by its depth, 4K would be the equivalent of "2160p".
Netflix's pricing in Australia is fair, particularly when measured against its US pricing and the weakening Australian dollar.
In the US, Netflix offers the standard definition single stream service for $US7.99, the high-definition two-stream service for $US8.99 and the 4K four-stream service for $US11.99.
All three services - Stan, Presto and Netflix - are offering 30-day free trials.
Presto also offers a bundled package, which includes its movie service, for $14.99 per month.
Another competitor in the Australian market, Quickflix, offers its streaming video on demand (SVOD) service for $9.99 a month with a 14-day free trial.
Quickflix also offers DVD rental and pay-per-view.
The announcement was made formally today, but details of the pricing leaked online yesterday via the online forum Reddit.
Netflix launches in Australia on Tuesday.
Here is the Netflix catalogue in pictures:
