Netflix has had a big week. First off, reports emerged that the service is in early talks to purchase the famed Egyptian Theatre. Then, on Wednesday, it was reported that they would start publishing a magazine to promote their Award-worthy content. Well, that wasn’t all they had in store for us.
MacRumors is now reporting that Netflix is starting to warn certain customers about an impending price increase. This was previously announced and implemented for new customers but some older customers were ‘grandfathered in’ and allowed to keep their old plans for a certain time period. According to that article, customers can expect a 13%-18% price increase depending on their subscription. All subscription plans are affected.
If you’re on the ‘Basic’ tier, it will increase from $7.99 to $8.99 a month, not too bad honestly. The next two tiers will see a slightly higher increase. ‘Standard’ will rise from $10.99 to $12.99 a month and ‘Premium’ will rise from $13.99 to $15.99 a month. Again, this will only apply to older, grandfathered customers. If you have made an account since January, you will have already been paying these prices. For those affected, these changes will take effect on Thursday, May 9th.
Overall, it’s not a bad deal. But, considering the growing streaming landscape, it could become much harder for Netflix to stay competitive with while offering so much content.
