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Netflix Delays the Price Increase for Existing Subscribers

Grandfathered Netflix members get five more weeks before their subscription plans increase to $9.99

Netflix fee increase

Netflix has delayed the subscription fee increase for grandfathered users that was supposed to go into effect today, May 9, which would increase the cost from $7.99 to $9.99 a month.

If you remember our wildly discussed article from January when news first broke about the fee increase, you know that people weren't so thrilled about paying $2 more every month for the same service. Many were even prepared to cancel their Netflix subscription once the new plans would kick in.

Since today was the day for the increase, I logged into my Netflix account and notice that my $7.99 rate is now guaranteed until June 16 instead. Why did we all just get another five weeks at our existing rate? Is Netflix having second thoughts about this?

Neflix subscription price

According to Fortune.com, about 70 percent of US Netflix subscribers are grandfathered into the $7.99 rate. That's 35 million people roughly. This is a big worry for investors, and Netflix's stock is showing it.

That would explain why Netflix postponed the price increase, but why June 16? Turns out the new season of their critically acclaimed show "Orange Is the New Black" will be available to stream starting June 17, so it looks like they're banking on many of us sticking around at least long enough to binge watch season four.

Personally, I get my money's worth from Netflix, so the price increase won't make me cancel my membership. I canceled cable a year ago instead. However, if I was on the fence about it, the new season of "Orange Is the New Black" would not be enough to convince me to stay. Neither would "House of Cards." It would make more sense to give people an extra screen for the same price, or maybe a six-month free trial to the UHD/4K plan. Heck, I would gladly pay $2 extra a month just to be able to filter out the kids movies and shows from my recommendations. They grow like weeds every time my daughter uses my Netflix profile instead of her own.



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About the Author

Johan Mengesha is the Editorial Director at Slickdeals in Los Angeles, Calif. Mengesha has written for print and online media outlets since 2003 and has a journalism degree from Cal State Northridge. Published work has appeared in the "Los Angeles Daily News," the "Daily Sundial" and eHow.com.

22 Comments

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Joined Apr 2015
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#2
I say plan a mass dropout on June 16 and see if they reverse this decision...
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#3
I noted that it changed back on April 12th in your last news blog. Thanks for reading Smilie - https://slickdeals.net/article/news/netflix-to-increase-subscription-fee-by-25-for-some-users/?page=4&src=hublist#commentsBox
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#4
Quote from hack400
:
I noted that it changed back on April 12th in your last news blog. Thanks for reading - https://slickdeals.net/article/news/netflix-to-increase-subscription-fee-by-25-for-some-users/?page=4&src=hublist#commentsBox
Ah, sorry I didn't see it! We don't get notifications when someone leaves a comment on articles unfortunately Frown
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#5
Quote from hack400
:
I noted that it changed back on April 12th in your last news blog. Thanks for reading - https://slickdeals.net/article/news/netflix-to-increase-subscription-fee-by-25-for-some-users/?page=4&src=hublist#commentsBox
Well done!
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Our community has rated this post as helpful. If you agree, why not rep fyreboltx?
#6
I'm not gonna cry over $2 f-ing dollars. I don't think it's too un-reasonable for prices to go up over time. There's still plenty of content and their CS is fantastic. Plus, I enjoy some their original shows.

Comcast jacked up my TV/Cable package by $20 dollars a month, for the same exact service and won't offer me the same specials that my friend two buildings over b/c my building has a contract with them (ie, no competition) whereas he has the option of AT&T or Comcast. That is something I'm pissed about.
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Last edited by fyreboltx May 11, 2016 at 08:29 PM.
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Our community has rated this post as helpful. If you agree, why not rep ru4barb?
#7
Netflix is worth more to me than any $100 cable package i have ever had.
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Our community has rated this post as helpful. If you agree, why not rep rcentros?
#8
We're not going anywhere. Netflix is our TV station in our house. Even at $10 a month it's a good deal.
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#9
Quote from frankz00
:
I say plan a mass dropout on June 16 and see if they reverse this decision...
Netflix has to make money or they can't add new movies and shows. Even at $10 it's the best deal going.
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#10
Quote from rcentros
:
We're not going anywhere. Netflix is our TV station in our house. Even at $10 a month it's a good deal.
​I agree 100%.
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#11
i cancelled my Netflix once I got Kodi and haven't missed any episode of any show on Netflix. Saved not only money on Netflix but my cable also. $1,200 a year savings is nothing to sneeze at!
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Last edited by davebarronsbirther May 16, 2016 at 03:03 PM.
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#12
This is what I see on my netflix.
2 Screens + HD- Your plan price is guaranteed through at least October 8, 2016.
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#13
I have $125 in credits from various promos. Shows June 16 for me.
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Zavi25
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#14
NETFLIX is worth every penny to me. I LOVE IT. Cable can go to Hades for all I care. They are ridiculously priced for what I actually have time to watch (maybe one channel with a couple of my favorite shows). We love to sit back and relax at the end of the day to watch our favorite episode on NETFLIX. No commercials. Can pause any time when the baby needs a feeding, and can watch any time. Love it Love it Love it.
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Zavi25
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#15
Quote from JohanM1228
:
​I agree 100%.
Quote from JohanM1228
:
​I agree
Quote from JohanM1228
:
​I agree 100%.
completely agree
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