CEO Reed Hastings has told investors that the company are looking to push customers towards higher pricing plans.
That means Netflix users can expect to see the standard HD package rise from $6.99 per month to $7.50.
But don’t panic just yet, existing users will be exempt from the price increase for one year.
And there will be no more sharing your boyfriend/girlfriend/parents/housemate/ex’s account.
Mr Hastings says Netflix will get tougher on password sharing.
The company says the price increase is so that it can add more TV shows and films and invest in Netflix exclusives such as Breaking Bad, Better Call Saul and Orange Is The New Black.
Source