If you’re a subscriber to Netflix currently paying $7.99 a month, your price is about to go up $9.99 starting in May. If that’s news to you, don’t feel bad because about 80% of other Netflix subscribers didn’t know it either. So what’s the deal here, why is it going up to $9.99? For anyone unaware, last year Netflix implemented a price increase for new subscribers to the streaming service at $9.99. Previous subscribers however, stayed at a grandfathered rate of $7.99 which currently is around 17 million customers to this day. Netflix is now going to have the $9.99 price be equal across the board for both new and previous subscribers starting in May.
While the word “Price Hike” always turns heads, it makes sense for Netflix to do so and for consumers to pay that price. Netflix has come a long way since it’s debut and with exclusive new shows like Daredevil, Orange is the New Black and House of Cards you really do get your moneys worth. Not to mention for some families, the children’s content section alone makes it worth the $9.99 price. There are other services out there such as Hulu, Amazon Prime and Redbox but each have there pros and cons. Redbox for instance is only $1.50 a night for a regular DVD but you have to physically pick it up somewhere and drop it back off in the proper time frame otherwise you’ll be paying more. Hulu mainly covers your TV shows but has no where near the quality of selection of movies that Netflix does. If you’re an Amazon Prime member you do have a good selection of movies and you’ll pay slightly less but you’ll be missing out on those exclusive shows.
How do you feel about Netflix raising prices? Are they justified in doing so given the content they offer? Be sure to let us know in the comments below and check back for future updates.
