Netflix is one of the most successful subscription services of all time, and with good reason. It offers subscribers an enormous library of streaming, DVD and Blu-Ray titles with several affordable plans to choose from in order to get the best setup for you. Now, for the first time in a while, Netflix is upping its price on its most popular plan, the standard plan.
Beginning on November 11, new customers will pay $9.99/month for the standard plan, a $1 rise over the existing price of $8.99/month. Interestingly, Netflix’s website is already showing the price increase, so we’ll have to see how that plays out. As for existing customers on the standard plan, they’ll be grandfathered into the existing price until October 2016, which gives people an entire year to calm down over the thought of their Netflix price going up. For a reminder, the standard plan includes viewing on up to two screens at a time as well as HD video playback.
The prices on other Netflix plans will remain the same.
The $1 increase on the standard plan is nothing to get worried about and won’t affect most until a year from now as it is. Netflix is a company that has done its best to keep prices extremely affordable, and this new change shows that the company is continuing that trend, making it a wise move in the eyes of customers. As for Netflix’s shareholders, they seem happy with the increase plan, with Netflix stock rising by over 2% after the announcement.