The Cost Of Your Netflix Subscription Is About to Go Up

The company will roll out price increases over the next month

October 5, 2017

© Tyler O'neill | Dreamstime

It’s going to cost a little more each month to "Netflix & Chill."

The streaming giant just announced that it will be raising the price of their two most popular streaming plans, and yes, current subscribers WILL be affected by the increase.

Here's the breakdown:

  • The two-screen high definition subscription plan will go up $1 in cost per month. It currently costs $9.99, and it will increase to $10.99.
  • The highest tier plan (four screens and ultra-high definition streaming) will increase $2 per month. That plan currently costs $11.99, but it will go up to $13.99 with rate increases.
  • Netflix’s lowest subscription tier, which offers one screen at a time in standard definition, will remain at its current cost of $7.99 per month, for now. 

The increase appears to take effect for new subscribers immediately. 

Current subscribers (who have been spared from some rate increases in the past) will be affected this time. Netflix says they will let current members know about the new rates on October 19, which would be at least 30 days before the new rates would take effect on their account. The exact date will vary based on your billing cycle.

“From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster,” the company said in a statement.

In case you were wondering how much Netflix will cost each year now, we have done the math for you. If you have the two-screen plan you will spend $131.88 per year now for your subscription.

The value of the company’s stock surged after the announcement was made on Thursday.