Netflix Hiking Prices—for Some
Only for new members, at least at first
By Evann Gastaldo, Newser Staff
Posted Apr 21, 2014 6:48 PM CDT
In this Friday, Jan. 17, 2014 file photo, a person displays Netflix on a tablet in North Andover, Mass.   (AP Photo/Elise Amendola, File)

(Newser) – The bad news: Netflix is upping its prices this quarter. The good news: If you're already a customer, you'll get a "generous" grace period during which you'll continue to pay the current $7.99 monthly streaming fee, the company announced today in its quarterly earnings release. The price hike will be $1 or $2 extra per month, the Los Angeles Times reports. It's not clear how long the grace period for existing customers will be, but in January, Netflix hiked prices for new subscribers in Ireland, and let existing customers keep their lower subscription fees for two years.

"Over the last couple years, we've been improving the content selection on Netflix," CEO Reed Hastings explains. "We have to eventually increase prices a little bit."

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Showing 3 of 39 comments
CaptainStubing
Apr 23, 2014 1:15 PM CDT
The best deal, however, is checking out free DVDs from your local library.
Christen
Apr 22, 2014 9:59 PM CDT
That makes sense. They offer less all the time, they might as well charge more.
$103359148
Apr 22, 2014 2:50 PM CDT
- Over the last couple years, we've been improving the content selection on Netflix," You mean taking away good shows and replacing them with out dated shows nobody watches? Netflix just lost 20 million customers over night.