Netflix has raised the price of its most popular subscription plan -- which allows viewing on two devices simultaneously -- by $1.00, bumping up its monthly rate to $9.99 for new subscribers.According to Bloomberg, the plans allowing for one-screen viewing and four-screening viewing will not be affected, and those rates will remain steady at $7.99 and $11.99, respectively, for now. This new increase follows a rate hike announcement last year, which promised that only new subscribers would be affected, and that existing subscribers would continue to pay to their current rates for an unspecified period of time.
That window, however, appears to be closing soon, though there's been no official word from Netflix on when to expect the change (or any comment about this new price hike for new customers). The company has simply told existing customers on Twitter that they would be "grandfathered in" to their current rates.
Only subscribers in the U.S., Canada, and parts of Latin America will be affected by this new price change -- at least for now. The move comes after an August price increase in Europe, which saw rates rise by one Euro per month.
It may not seem like much, but Netflix has a history of insane rate hikes in the past, so subscribers may want to brace themselves. We love "Orange Is the New Black" too much to cut the streaming cord, but our wallets may never forgive us.
[via: Bloomberg, h/t Vulture]
Photo credit: Netflix
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