Most people seem to agree that Netflix is worth the monthly subscription price, but the streaming service has just made a move that some subscribers might not like.
The company announced today that subscription prices will increase anywhere from 13% to 18% depending on which plan you have. This is the biggest price increase since the company launched, and the increase will go into effect immediately for new subscribers. Existing customers will see a price increase on their bills over the next three months.
Netflix’s basic plan will jump from $8 to $9, with the HD standard plan going from $11 a month to $13. The premium plan which offers Ultra HD content is going from $14 to $16.
According to a spokesperson from Netflix, the price reason for the price increase is so the company can, “continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members.”
Last quarter Netflix reported that the steaming service had 58 million U.S. subscribers, as well as more than 78 million subscribers outside the United States.
Will you be keeping your Netflix subscription? Sound off in the comments below.