Bloomberg is reporting Netflix will be increasing the cost of it’s streaming plan. Subscription prices will increase $1 a month to $9.99 for new customers in the U.S., Canada and parts of Latin America. Current customers do have a grace period. You can log into your account to see how long the current rate is locked in for. The company last increased prices May 2014 from $7.99 70 $8.99 making this latest increase the second price hike in the U.S. in less than two years. A Netflix rep wrote in an emailed statement:
“To continue adding more TV shows and movies including many Netflix original titles, we are modestly raising the price for some new members in the U.S., Canada and Latin America.”
Netflix’s single-stream, non-HD plan will remain at for $7.99 monthly and the company’s “premium” plan, which offers up to four simultaneous streams and access to 4K Ultra HD titles, will also remain unchanged at $11.99 per month.