Netflix 7.0 for iOS (iPhone screenshot 001)

Did you sign up for Netflix’s $7.99 per month plan with high-definition streaming before new pricing tiers were unveiled?

If so, the company will reward your loyalty by slapping you with a price increase later this year, according to Netflix’s letter to shareholders issued yesterday as part of the company’s quarterly earnings release.

Grandfathered Netflix customers in the United States will have two choices: continue using their $7.99 per month plan, but only in standard definition, or choose to pay $9.99 per month to continue watching in high definition.

“In Q2 and Q3, we’ll be releasing a substantial number of our US members from price grandfathering on the HD plan and they will have the option of continuing at $7.99 but now on the SD plan, or continuing on HD at $9.99 a month,” wrote the company.

As a result, Netflix expects “only slightly elevated churn.”

During the December 2015 quarter, Netflix added 5.59 million new customers and now has an overall subscriber base of 74.76 million members, 45 million of which are in the United States.

In 2016, Netflix plans to launch over 600 hours of original programming, up from about 450 hours in 2015, including new seasons of about 30 original series—including “The Crown” and “The Get Down”—as well as eight original feature films, 35 new seasons of original series for kids, a dozen documentaries and nine stand up comedy specials.

Following its expanded global rollout earlier this month, Netflix promises to add new languages, new payment options and fine‐tune its algorithms.

Source: Netflix via The Next Web

  • TP Folair

    Yup. My grandfather’s dead, too.

  • TornBodies

    i have a 7.99 canadian plan but i live in america now i wonder will happen to my pricing

  • Manuel Molina

    Nothing is free, cheap, grandfathered, or has loyalty forever.

  • Ernie Marin

    lol netflix will start to suffer soon, Apple TV and Roku are taking over the TV with better streaming options, adding to that a total entertaiment system with games, photo and video storage. They better watch out not to go the same route as Sat providers, just because they are cheap, doesn’t mean they can ramp up prices at will.

  • That sucks. My family will probably upgrade, but this sucks for those who can’t afford it.

  • Leon Everett

    People will pay $150 or more for 4 to 12 gigs of data for a phone and probably $80 more for wifi but will gripe over a $2 spike. Cancel Netflix and install Kodi. Have a good day.

    • TornBodies

      true or download ur shit episode by episode off kickass torrents

    • Digitalfeind


  • Amoeba Stunts

    and this is why i don’t visit this site anymore. we are not getting “slapped” with an increase. do you bother looking at your account details?

  • William Melendez

    Wtf, Netflix could f**** off ! Kodi is all I use ! Installed Kodi through my operating system of my Sony 4K 75″ tv. Loving it

    • CryptoCoin420

      I know I love KODI. What plugin do you use for TV shows and Movies?

      • William Melendez

        Phoenix , Genesis, 1channel , stream all the sources , sportsdevil and some another one I can’t remember , movies 123 something like that.

  • ChristopherMay

    Just dropped Verizon because they increased my monthly bill by $20. Been with them for 12 years and on a grandfathered unlimited data plan. Way to punish loyalty. I thought it cost way more to acquire new customers vs keep existing ones… Why do companies do this.

    In other news, Sprint has a new customer now.

    • JayDee917

      Sounded good till you said you signed with Sprint.

      • ChristopherMay

        Haha nice. If there was a better wireless service as far as quality and expense i’d be on it… Not really thrilled about any wireless service these days… Guess you have to pick the best of the evils in your area.

  • johnny_fy

    2 lousy dollars. People need to get over themselves. Netflix had nothing when it was cheaper. Now they have so much. I bet these same people complaining think nothing about buying a $5 coffee everyday, or getting that soda from the vending machine when they really shouldn’t. Get a life people. $2 is not the end of the world.

  • CryptoCoin420

    KODI with 1channel plugin and sportsdevil plugin to watch sports live. I canceled my DirectTV 10 Months ago and i will never pay for cable again. I side load KODI onto my Amazon Fire TV which runs KODI way better than my Jailbroken Apple TV 2 ever did.

  • William Melendez