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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.
Netflix will email you about the price increase just before itâs about to go into effect, so you wonât be surprised to see your bill for the service increase. Subscribers who signed up for Netflixâs $8.99 monthly plan between May 2014 and October 2015 will also see their prices increase to $9.99 starting in October. To be clear, youâll still be able to subscribe to Netflix for $8 per month but youâll be restricted to only one screen and youâll have to watch things in standard definition.