Monthly Netflix Prices To Increase 25% For Millions Of Customers Next Month
If you’re a Netflix customer, you should read this.
Back in May of 2014, Netflix increased the price for the standard streaming plan to $9.99 for new customers. Existing customers were grandfathered in at $7.99 per month and were not subjected to the price increase. However, that’s all about the change.
Starting in April 2016, Time states the price for standard access will increase for those grandfathered in to $9.99 as well, an increase of 25%. UBS analysts estimate this price increase will impact about 37% of all US subscribers, which is about 17 million people. According to a survey by JP Morgan, 80% of the people impacted didn’t know about the price increase.
While this may enrage many, Business Insider reports that the “price to watch per hour” on Netflix is $0.09 while traditional TV is $0.30. So it’s still cheaper.
Still mad? Hulu still costs more per month at $11.99. The cheapest streaming service is currently Amazon Prime’s streaming video service. It has a 30 day free-trial then is $99.00 annually (which comes out to $8.25 per month).
Photo by Wesley Fryer
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