Report: Netflix likely raising its monthly fee for existing members
While heading to the movies is enjoyable for many people, others would rather stay home and watch their favorite movies on streaming services, like Netflix.
New members are asked to pay $9.99 after a recent price hike. However, existing members have been able to keep their service and pay just $7.99 a month.
“In Q2 and Q3, we’ll be releasing a substantial number of our US members from price grandfathering on the HD plan and they will have the option of continuing at $7.99 but now on the SD plan, or continuing on HD at $9.99 a month,” the letter read.
The company did not specify a date of when the change will take affect, but KTLA reporter Rich Demuro decided to take a look for himself.
Demuro says he logged in to his Netflix account and went to his billing details page, which said his $7.99 monthly membership is only guaranteed until May 9, 2016.