work for you?
Since snagging 91 total Emmy nominations, Netflix has announced an immediate price hike for new members; existing members will get news of their plans going up within the next month or so. The biggest price increase is for the streaming video giant's premium plan. Here's a breakdown:
- Basic plan: Stream on one device in SD; price is holding steady at $7.99.
- Standard plan: Stream on two devices at the same time in HD; price is jumping from $9.99 to $10.99.
- Premium plan: Stream on four devices at the same time in HD and ultra HD; price is jumping from $11.99 to $13.99.
The last Netflix price hike came about two years ago, when they bumped their standard plan from $8.99 up to $9.99. This triggered mixed responses from the Slickdeals community; some didn't mind shelling out a couple of extra bucks each month to keep their Netflix library intact, others were rubbed the wrong way and vowed to cancel. We're curious how the latest rate hikes will play out with members.
The new prices are still cheaper than HBO Now, which comes with a $14.99 price tag. Meanwhile, Hulu's commercial-free plan comes in at $11.99, now making it cheaper than Netflix's premium plan. The latter is what we have in our house, so we're in for a $2 monthly increase. But honestly, I couldn't care less. We also have the Hulu commercial-free plan—both are great and reasonably priced in my book, and I'm not about to cancel over the price of a cup of coffee. My husband and I look at it the same way we look at Costco's periodic fee increases: It's nominal and the pros still outweigh the cons.
That said, Netflix is likely raising their prices to keep up with Amazon Prime, easily their greatest competitor. But it isn't really an apples-to-apples comparison. Our $99 annual Prime membership ($8.25 monthly), gets us way more than just Prime Video. Between the free shipping, Prime Music, and Amazon Family, you get way more bang for your buck when you compare it to video content alone.
There is one group of people who'll be completely unaffected by Netflix's new prices, though. T-Mobile customers who have two or more lines on an eligible T-Mobile ONE voice plan are rewarded with a free standard Netflix subscription, thanks to its Netflix On Us program. This is undeniably an awesome perk.
At the end of the day, every customer is different, but I'm personally not too ruffled by Netflix's price surge. That said, I am curious if this is going to be a regular thing until prices get in the HBO Now range. If this is the case, how much are you willing to pay before cancelling? For us, I'm thinking $20 would be our max. (Shhh, don't tell Netflix I said that.)
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