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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.
And, for the first time in two years, Netflix is raising prices again. The standard plan will go from $9.99 to $10.99 per month and the premium plan will jump from $11.99 to $13.99 per month. The good news is that the basic plan will remain at $7.99, which only offers standard definition video on one screen.