Netflix Adds $1 To Monthly Streaming Subscription Price For New Members Only

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The bad news: If you’re thinking of subscribing to Netflix’s streaming program, you’ll be paying $1 more than those customers already signed up. But the good news for Netflix veterans? Existing subscribers won’t see a price hike for two years, the company says.

It’s the first time Netflix has raised prices in three years, but we’ve had some time to get used to the idea since the company announced it last month. Wait, did they do that on purpose to lull us into a sense of “Well, it’s inevitable, might as well get used to it?” Probably.

According to CNNMoney, Netflix sent an email to subscribers today with the news that only new members will pay $8.99, while those already on the rolls can stay at the $7.99 rate.

The price hike is “in order to continue adding more movies and TV shows,” so maybe Kevin Spacey added a new rider to his contract that he requires like, a special expensive mirror to practice smirking in or something. Oh, you crazy, Spacey!

Netflix: New members will pay $1 more

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  1. GnRJosh says:

    Netflix just sent me an email confirming the hike and stating that I’ll stay at $7.99 for the next two years.

    “Thanks for being a Netflix Member.
    Hi Joshua,

    In order to continue adding more movies and TV shows, we are increasing our price from $7.99 to $8.99 for new members. As a thank you for being a member of Netflix already, we guarantee that your plan and price will not change for two years.

    You can review your membership details at any time by visiting Your Account. As always, if you have questions, we are happy to answer them. Please call us at any time at 1-888-357-1516.

    –The Netflix Team”

  2. oomingmak says:

    Netflix has always been good about grandfathering. Way, way back in the day (I was an early Netflix adopter) Netflix let me keep my 5-at-a-time DVD plan at the same price as the then-current 3-at-a-time plan. I got to keep it all the way until when Netflix decided to split the DVD and Streaming services into separate packages.

  3. Lenne says:

    Uh huh. You sure that increase is not to alleviate the tolls that some ISPs are charging you, Netflix?

  4. theoriginalcatastrophegirl says:

    got the same email. i’m ok with the price hike. it HAS been a while and they have really been expanding the content over the last couple of years, including the new original content