58 Million people are going to see their monthly Netflix bill increased!

I would not even know how to handle a Saturday evening without the opportunity to binge watch a show on Netflix. Not to mention that I would not be able to deal with not seeing all the Netflix original shows like, 'Grace and Frankie', 'Friends from College' or 'Ozark'. So I will tolerate the unexpected price hike of the streaming guru.

Here’s how the price increases break down:

  • The Basic plan will cost $9, up from $8
  • The HD Standard plan will cost $13, up from $11
  • The 4K Premium plan will cost $16, up from $14

Mlive reported that Netflix states that the reason for the increase in cost for the service is...

For its (Netflix) big investment in original shows and movies as well as finance the heavy debt it has obtained competing with rivals such as Amazon, Disney and AT&T.

58 million people that are currently enjoying Netflix will see the raise in price within the next 3 months and new subscribers will endure the cost immediately.

Just a heads up!