In news that might put a damper on your Thursday, Netflix is raising its prices. As Mashable first announced, certain U.S. subscribers will be paying more in the very near future. When do Netflix’s new prices start exactly? According to Mashable, the switch is slated to happen this November. In a statement to Bustle, the streaming service confirmed that the price change will change for new users on Oct. 5, and starting Oct. 19, current members will “be notified at least 30 days in advance, based on billing cycle, on when they will see the price change.”
The statement continues,
“Members will be notified with an email and also see a notification within the service. The price change will roll out to members over the course of the next several months. As always, members can view pricing information within their account settings.”
If you’re cool with playing Netflix on only one device at a time, this adjustment won’t affect your wallet: The basic plan will stay at $7.99 a month. However, if you prefer to use your Netflix account on multiple devices at once, then get ready for a price hike: The standard tier (aka the package that allows up to two devices to stream simultaneously) will go from $9.99 to $10.99, and the premium (aka the package that allows up to four devices to stream simultaneously) will increase from $11.99 to $13.99.
More to come…