The video streaming service known as Netflix is an ultra popular option among consumers, especially millennials. Back in May of 2014, the executives of the service announced a $1 price bump bringing the monthly plan from $7.99 per month up to $8.99 yet another pricing change is now being forced upon us.
As of this morning, any new subscribers to the service will now be charged $9.99 for a ‘standard' plan which is the most commonly chosen option offering both high-quality streaming as well as simultaneous streaming from multiple locations. While this a $1 increase isn't anything dramatic, this decision still means that the average user will pay $24 more per year in subscription fees than we did in April of 2014.
The good news is just like the first price hike in July, current subscribers will be given a grace period before the new pricing comes into effect. Here's the official word below:
“To continue adding more TV shows and movies including many Netflix original titles, we are modestly raising the price for some new members in the U.S., Canada and Latin America. As a thank you to existing Netflix members — who aren’t already benefiting from a previous price guarantee — we will maintain their current price for a year.”
As a graduate of the University of Massachusetts and our Managing Editor, Colt loves testing out the newest tech products/services. His goal is to help better educate other consumers to ensure the most satisfying purchases decisions on consumer electronics and services. When he is not working on creating new content, Colt enjoys spending time with his two Australian Shepherds, Mia and Zoey.