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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.
Netflix Inc. has released its annual report for 2015, revealing just how much money the streaming-video giant owes the media companies from which it licenses movies and TV shows. The report, released Thursday, shows Netflix is on the hook for $10.9 billion in content costs. Thatâs billion with a B. About 91 percent of that figure is due within the next three years, and $4.7 billion of it is due in the next 12 months.