Netflix has become pretty standard for most households. According to USA Today, the streaming service has 89 million paying members worldwide—because the ability to binge-watch shows is worth paying for, obviously.
But, a price increase is in the works. So, you’re going to likely going to shell out a little more to see your favorite shows. Whether you’ll continue to pay for this service will be up to you—is Netflix still worth it, even with a price hike?
Netflix plans to raise prices this year for most customers.
For those with the “standard” viewing option, your price will rise from $9.99 per month to $10.99.
Premium members will begin paying $13.99 instead of $11.99. So far, the only category unaffected by this price jump is the “basic” membership, which will remain $7.99 per month.
In a statement, Netflix said, “From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.”
So, the good news is: with the price increase comes added perks, new shows and more.
The Future For Netflix Customers
There’s a stellar roster of shows that will be available on Netflix soon. From the second season of “Stranger Things” to the all-new show “Mindhunter,” the streaming service is doing its best to make sure most people get their money’s worth.
Another example of the company’s efforts to maximize value is its pending partnership with airlines. If all goes according to plan, Netflix will team with airlines to offer streaming while you’re on a flight. The service will be available to subscribers only.
So, that could be another advantage to keeping your account active after the price increase.
According to CNN Money, the company plans to notify customers 30 days before the price increase will take effect. As of now, notices plan to start going out on Oct. 19.
So, keep an eye out so there aren’t any surprises on your next billing statement. And in the meantime, enjoy watching episode after episode at a lower price point while you still can.
What People Are Saying
People are already voicing their opinions about the price increase on social media.
If you’re not paying for it, the $1 or $2 increase doesn’t hurt as bad, does it?
“Do you agree to the Netflix price increase?” *clicks ok* Yes you do, mom.
— Lexi LaFleur Brown (@lexilafleur)
Or if you’re still skimming off an old roommate like this guy.
My old roommate better be able to afford this Netflix price increase!!!
— Jared Tevis (@TucTownTevis)
Other people seemed OK with the price increase because of the value they believe they’re getting from the service.
As long as Netflix adds better movies/shows, I’m cool with the increase in price.
— Kevin Arteaga (@kartt_96)