Netflix Is Raising Its Prices
Will your monthly bill go up?
There’s nothing we love more than getting home from work on a Friday night, cancelling whatever big plans we thought we’d have the energy for in the middle of the week, and turning on some Netflix. Whether it’s a movie marathon or a TV binge, we can’t imagine our nights and weekends without it. But unfortunately, enjoying an evening of streaming is about to get a little more expensive.
According to USA Today, for the first time in two years, the price of Netflix will be increasing.
If even the thought of giving up your Netflix account sends you into a panic, don’t sound the alarms quite yet. The price increase will not impact all the plans the service offers.
The basic plan, which offers streaming in standard definition to a single screen, currently costs $7.99 and will remain the same. However, if you have the standard plan (the most popular option) or the premium plan, you will see a price hike on your bill. The standard plan, which is currently $9.99, will see a $1 increase to a price of $10.99 per month. The premium plan, which allows viewing on four screens simultaneously with HD access, will increase by $2, from a price of $11.99 to $13.99.
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This change won’t happen right away—according to a statement from the company, users will receive a notice 30 days before the new price applies, and users will start being notified on October 19. These prices are already in effect for all new users.