None of us like price hikes, but sometimes they are a necessary part of doing business with companies. If you subscribe to Netflix you won’t be happy about the fact that it’s going to get a bit more expensive starting next month. Sadly, that’s just the way it is.
Netflix’s previous price hike came last year when it increased prices for new customers subscribing to the standard plan from $7.99 to $8.99. This upcoming price increase applies to all existing customers and we will now have to pay $9.99 per month for the standard plan starting in May.
This will be the first time that Netflix is increasing prices for its existing users after it confirmed in May 2014 that those users will be kept on the original price plan for two years. They kept their word. It will be two years next month. So now it is time. This price hike will hit about 17 million subscribers in the United States while users in the United Kingdom are going to see an increase of 50p later this month.
At least they use the bulk of the money for funding original content which they are doing a great job at. And that brings more subscribers.