Netflix raising price of subscriptions
Consider sending your ex a dollar or two on Venmo
Are you still watching? If so, get ready to pay a little extra.
Effective Oct. 19, Netflix customers will begin to see increases in their monthly subscription bills if they are signed on to the standard or premium plans. For everyone that gets by with the basic plan — you win this round.
The standard plan will see a bump from $9.99 per month to $10.99 per month, while the premium plan jumps up two dollars, rising to $13.99 per month from the previous $11.99 per month. Though current customers will be informed of the bill change come the middle of October, those who try to sign up today will already see the updated prices.
Netflix’s upcharge marks the first major price increase since 2014. The streaming service still offers a lower price than HBO Now ($15 per month), but the premium plan now surpasses the monthly cost of Hulu Plus ($11.99 per month).
Given the ever-increasing number of shows and films exclusively streaming on Netflix, (i.e. Stranger Things), the price bump probably won’t deter too many people from keeping their accounts. Even so, the subscriptions function on a month-to-month basis, so customers can back out whenever they want.