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But that doesn't mean they'll cancel their subscriptions. Millions of Netflix customers are about to start paying more to stream their favorite movies and TV showsâand chances are, they donât even realize it. In May 2014, Netflix raised the price of its standard streaming plan for new subscribers, to $9.99 a month. However, the price hike did not apply to existing customers, who were grandfathered into their current rates of $7.99 a month for a two-stream, HD plan, Business Insider reported.
MORE: 5 Cheaper Netflix Alternatives. Netflix has already increased its prices elsewhere in the world without too much of a shakeup. Last month, the streaming service raised its prices for Irish subscribers from â¬6.99 ($9.63) to â¬7.99 ($11.01) without a marked drop in subscribers or increase in profits.his increases the yearly cost of Netflix from $95.88 to $107.88, and makes it more expensive than Hulu Plus ($95.88 per year) and Amazon Prime Instant Video ($99 per year), its nearest competitors. The Netflix price increase is not all doom and gloom, however.