We’ve already heard rumblings of the Netflix price increase. New customers will see a $1 rate increase to $8.99 for unlimited streaming.
Confirmed via an email which was sent out today, current customers will have their $7.99 rate locked in for the next two years. It’s a nice gesture, and one which is appreciated considering the extra expenses Netflix might face fighting for Net Neutrality and negotiating bandwidth with carriers and ISPs.
To continue adding more movies and TV shows and delivering a great streaming experience, we previously announced that we planned to increase our price slightly for new members. That increase is happening today. We are increasing the price of our service by US$1 a month for new members. Existing Netflix members get to keep their current (US$7.99) price for two years, enjoying HD-quality movies and TV shows on any two screens at the same time.
Not bad at all as we’re also going to see a lot of new original content going into production soon as well.