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But that doesn't mean they'll cancel their subscriptions. Millions of Netflix customers are about to start paying more to stream their favorite movies and TV showsâand chances are, they donât even realize it. In May 2014, Netflix raised the price of its standard streaming plan for new subscribers, to $9.99 a month. However, the price hike did not apply to existing customers, who were grandfathered into their current rates of $7.99 a month for a two-stream, HD plan, Business Insider reported.
The May 2014 price increase didn't lower subscriber growth. Netflix's regular subscription price increased by a dollar during Q2 of last year, so that most new subscribers now pay $8.99 a month instead of $7.99. That's still an incredible value, when you compare $8.99 a month to what the big cable companies charge for access to their services.