Netflix to increase prices

In May, for those subscribed to a ‘Netflix two screens HD Streaming Video’ plan at $7.99 will have to pay an additional $2 a month.

This new price increase will affect all subscribers. This will also include those long time subscribers who have been “Grandfathered-in” to the lowest subscription price through the last two price hikes. Netflix users can check their “Plan Details” on their accounts pages which will inform them of when the changes will take place such as, “Your plan price is guaranteed through at least May 9, 2016”.

On the heels of Netflix announcing that they do cap off mobile streaming data, the question is, will this price increase hurt their enrollment? Mostly likely not. With Netflix vast content and onslaught of original programming such as Daredevil and House of Cards most subscribers will happily pay the additional $2 a month.

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