Over the past few years, Netflix has become insanely popular — which is probably why the company is looking to cash in with a price increase!
The streaming service costs $9.99/month for more recent users, but many customers who started off at $7.99 got grandfathered in before the price increase.
But come May no longer. As scheduled during the original increase, those older accounts will finally have their rates increased by $2/month to match the newer subscribers.
Of course, if you're already paying the higher cost then you have nothing to worry about…
Related: WB Claims Batman V Superman Disappointment Has NOT Hurt Their Future!
That said, Netflix will still gain quite a bit from this increase as an estimated 37% of Netflix's subscriber base — roughly 17 million customers — have this grandfathered in rate!
As much as the increase sucks, the fact that the company has created such AH-Mazing original content like Orange is the New Black, Unbreakable Kimmy Schmidt, House of Cards, and Daredevil, gives us a ton of hope for more great series down the line — not to mention original movies!
The most interesting thing about this change though is that a reported 80% of affected Netflix customers have NO CLUE that they'll soon be paying more. Sneaky, sneaky!
As frustrating as this might be, even after the price hike, a Netflix subscription still costs less than the commercial-free version of Hulu — though it's now slightly pricier than Amazon Instant.
What do you think about Netflix raising their prices?!
[Image via Netflix.]
Tags: amazon instant, business blitz, daredevil, film flickers, house of cards, hulu, netflix, orange is the new black, tv news, unbreakable kimmy schmidt