Netflix raises new member monthly fee by $1

Friday, May 9th 2014. | Internet News

It’s happening, everyone. Netflix is raising prices. We’ll give you a moment to get over the shock, though of course, you knew it was coming.

OK, good? Good.

Prices for new members will go up by $ 1, taking the $ 7.99/month subscription plan up to $ 8.99, Netflix wrote in a “Quick Update” blog post. A Netflix spokesman confirmed the new pricing goes into effect today for new members.

Current members will get to hang onto their $ 7.99 plan for two more years, but after that time it sounds like they’re in for a price hike, too.

Get that Netflix money

Netflix has maintained it needs to raise member fees in order to keep pumping out new and top-tier content.

While the hike isn’t astronomical, those who haven’t already signed up for Netflix may scoff at having to pay more than their early adopter cohorts.

The streaming service is also introducing a new $ 7.99 plan for SD-quality viewing “on any one screen at a time.” New members will be treated to a free trial of whatever plan they choose.

Related For Netflix raises new member monthly fee by $1