Netflix Rate Set to Increase for Many Subscribers

Photo (cc) by clasesdeperiodismo

If you’ve been a Netflix subscriber for more than two years, be prepared: Your streaming subscription plan may get a $2 a month hike starting in May.

Roughly 17 million longtime Netflix subscribers — those signed up for the company’s most popular standard plan, which allows you to stream shows on two screens at once in high-definition — will see their monthly rate increase from $7.99 to $9.99, reported Investopedia, citing UBS analysts.

The price hike will bring those subscribers — myself included — in line with what new Netflix customers pay for the same plan.

Netflix announced plans to boost its subscription rates for new customers by $1 or $2 a month back in 2014, but it said it would hold off changing its plan prices for existing subscribers for “at least the next year.”

Since that time, Netflix has bumped the price tag for its most popular plan twice. The monthly rate now is now $9.99, which is what you’ll have to pay if you’re a longtime Netflix subscriber with that plan and you want to continue watching up to two shows at a time in HD.

Not sure if you’ll be impacted by the price hike? You can check your billing page on Netflix. Under “Plan Details,” you should be able to see how long your plan price is guaranteed, according to ABC News.

Netflix told ABC in a statement that subscribers will be informed about changes before they begin rolling out in May.

“Impacted members will be clearly notified by email and within the service so that they have time to decide which plan/price point works best for them.”

Netflix expects that most people will continue paying for their monthly plan, despite the price hike.

“Given these members have been with us at least two years, we expect only slightly elevated churn,” the company said when it reported fourth-quarter earnings in January.

I am one of Netflix’s subscribers who will see a rate hike come May. I plan to continue my service, not because I watch very many shows on Netflix, but because my two kiddos — ages 2 and 5 — love the programs and movie offerings on Netflix.

Do you have Netflix? Is your subscription rate going up next month? Share your Netflix thoughts below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Most Popular
New Retirement Bill Would Help Savers of All Ages
New Retirement Bill Would Help Savers of All Ages

With bipartisan support, this bill could help millions of workers and retirees boost or conserve their retirement savings.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

This iconic dinnerware is prized for everyday use as well as reselling for profit.

3 Colors That Can Ruin Your Car’s Resale Value
3 Colors That Can Ruin Your Car’s Resale Value

Select the wrong color for your next car, and it could depreciate twice as fast as others.

20 Things That Are Actually Worth Stockpiling
20 Things That Are Actually Worth Stockpiling

You don’t need a year’s supply of toilet paper to survive an outbreak, but consider stocking up on these items.

9 of the Best Things to Do When You Retire
9 of the Best Things to Do When You Retire

You’ve waited all your life for this moment. Make the most of your retirement.

Beware This Hidden Ingredient in Rotisserie Chicken
Beware This Hidden Ingredient in Rotisserie Chicken

Something foul may lurk in those delicious, ready-to-eat birds.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.