Millions of people will notice something different on their credit card statements next month — the number next to ‘Netflix’ will be $2 higher than usual. Customers who signed up for the streaming service before May 2014 will now have to pay the same price as newer subscribers…and they’re PISSED about it!
Better cancel your Netflix account now if you can’t afford to spend 2 more dollars a month on your subscription! Customers who were originally grandfathered into a cheaper payment plan will now have to pay the higher monthly price, and Twitter is blowing up with angry users freaking out about it.
Alright, so here’s the deal: Netflix increased its monthly price from $7.99 to $8.99 in in May 2014, then up to $9.99 in October 2015. But anyone who had already been signed up for the service prior to the increase was grandfathered into the $7.99 plan…until now.
From the beginning, the fine print read that this change would eventually take place, but those who weren’t aware are pretty taken off-guard about it. Subscribers immediately began flooding Twitter with their grievances, complaining that if they were going to have to start paying more money, they should also get more content, which isn’t part of the deal.
Other users also slammed Netflix because they had to find out about the news in an online article, rather than from the company itself — even though Netflix did have this planned and told subscribers about it from the beginning. About 17 million customers fall under this ‘grandfathered’ category, with about 80% unaware that the prices would be changing.
Check out the angry tweets regarding this situation right here — and make sure you cancel that subscription if you’re not able to afford the extra $2 a month!
@netflix Netflix prices going up but my Netflix watching is going down. What am I getting for that price increase?
— Lisa Whittington, Ed.D (@LiLiWhittWhitt) April 8, 2016
So yall can increase the price to $9.99 but still haven't dropped that 2nd season of Narcos?! @netflix
— BKA (@iBEjammin29) April 8, 2016
— Sam (@samtanac) April 8, 2016
Nope, sorry netflix, I haven't gotten a 25% raise in the last two years, so I won't be staying on for the price increase. Later.
— Brett M. Middaugh (@bmiddaugh) April 8, 2016
Why wouldn't @netflix send an email blast about the price change? Unacceptable as a customer to learn about service changes via news article
— Don't Judge Me (@Love_N_Art) April 8, 2016
HollywoodLifers, what do you think of the Netflix price increase? Do you think it’s fair?