Wednesday January 20, 2016

Netflix Price Hike For Grandfathered Members Coming Soon

Just a reminder that Netflix members like myself, that still only pay $7.99 per month, are facing a price hike soon. It's only two bucks so it's not like a big deal or anything, especially since everyone else has already been paying $8.99 to $9.99 for more than a year already.

In its fourth-quarter letter to investors, Netflix NFLX, -0.68% said it will release a substantial number of those subscribers from their grandfather clause. That means they’ll have a $2 increase in their subscription if they want to keep the standard service, or otherwise sign up for the lower-tiered $7.99 service that streams video in standard definition on one screen. The company didn’t specify a date, but said it will happen through the second and third quarters.