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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.
That price point is much higher than that of its competitors. Both Netflix and Hulu Plus subscriptions cost $7.99 per month, and Amazon Prime costs $99 per year, which equates to about $8.25 per month. That means HBO's streaming service could cost almost twice as much as its competitors â or $180 per year. HBO CEO Richard Plepler made the announcement on Wednesday, saying that a standalone, over the top version of HBO is coming in 2015.