Today, Netflix announced its Q4 earnings with healthy growth outside of the United States. Although it beat analysts estimates, the company faces stiff competition in the coming year. BecauseNetflix is committed to new original content, some of its subscribers could be seeing a not-totally-unexpected price increase in 2016.
Currently, Netflix offers three tiers of service that start at $7.99. If you want to enjoy your streaming content in HD, you"ll be expected to pay $9.99, with 4K streamers paying the most at $11.99. But, if you have been with the service for a few years, you have been most likely grandfathered into a plan that no longer exists, paying either $7.99 or $8.99 a month.
Unfortunately, the grandfathered plans will soon expire and you might see a similar message as the one above that states when pricing will change. Those on the older streaming plan will be bumped up to the standard rate that is currently offered for $9.99. Luckily, if you don"t want to pay that much and want to stay at the same price point, you"ll be able to do so, but with caveats. For starters, you will no longer be able to stream in HD and there will also be a restriction in the amount of devices that you can stream on.
Naturally, if you enjoy the content from Netflix, there isn"t too much that can be done. But, if you"ve been looking for a reason to jump ship, now might be the perfect time.
Source: Netflix