Netflix has reminded us that their price increase on existing customers will go into affect in the middle part of this year. As a recap, in May of 2014, Netflix raised their streaming price for new customers from $7.99 to $8.99 (per month). Then, in October of last year, new users were raised from $8.99 to $9.99. These new rates only applied to new customers, and not to existing customers already on the $7.99 plan; however, Netflix made it clear that this was temporary, and that eventually they would raise the price for all existing customers to the new $9.99 rate sometime in 2016.
Guess what year it is... Netflix is sticking to their guns with the price increase. For users who subscribed after the last price hike, your price will not change as you are already on the $9.99 per month plan. For final clarity, it's important to note that this new $9.99 per month price is for customers to access the HD version of the service. For folks willing to put up with Standard Definition television, the price will be $7.99 per month. Additionally, the $9.99 per month plan allows users to stream to two TVs at the same time, whereas the $7.99 plan only allows for one.
What do you folks think? Is Netflix service worth shelling out an extra $24 bucks per year?
Source: Netflix