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Netflix said that current pricing for existing subscribers on the âstandardâ plan will remain in place for 12 months, unless theyâre already covered by a price guarantee with a longer term. Itâs the companyâs second price hike in the U.S. in less than two years. Netflix in May 2014 raised the price of the two-stream plan by $1, from $7.99 to $8.99. It informed existing customers then that it wouldnât raise their rates for two years.
Netflix bumped up the price of streaming movies and TV shows for new members by $1, but vowed that existing members will not see a price increase for two years. Netflix (NFLX) sent an email to subscribers Friday, telling them that only new members would be paying $8.99 a month.Existing subscribers will keep paying $7.99 a month. The company said it was increasing prices in order to continue adding more movies and TV shows..Netflix had warned last month that it was planning a price hike. At the time, the company said it would be between $1 to $2.Related: Viewership soars for House of Cards.Subscribers have been flocking to Netflix in recent years.etflix had warned last month that it was planning a price hike. At the time, the company said it would be between $1 to $2. Related: Viewership soars for House of Cards. Subscribers have been flocking to Netflix in recent years.