For the past few years, you've been paying $7.99 a month for Netflix so you (and maybe your friends...) can watch unlimited movies/TV, and life has been relatively great, no?
Yeah well, bubble burst: Netflix is planning to increase the price of its monthly subscription. So. There's *that* sucky piece of information to ruin your week.
Netflix CEO Reed Hastings opened up about the future of Netflix at a recent investors' meeting, and even though the prices aren't going to change this year, there is a price hike coming soon. "We want to take it very slow," Hastings said. "Over the next decade I think we'll be able to add more content and have more value and then price that appropriately."
To make things worse, they're probably going to be buckling down on customers sharing their passwords. "We also want to motivate people to move up to the two-stream and the high-def and the ultra-high-def [plans]," Hastings said. He didn't elaborate on what methods they would be using to motivate people to move up to a more expensive plan, but chances are it'll be to crack down on people with the basic plan who are sharing their password with the fam.
This news is probably devastating for you, seeing as Netflix's cheap plans and ability to share your account with others was what made the streaming service so amazing on your strict (practically non-existent) budget.
Hopefully when Netflix does raise their prices, you won't need a second job to accommodate your nightly Orange is the New Black Netflix binges.
Stay In The Know
Marie Claire email subscribers get intel on fashion and beauty trends, hot-off-the-press celebrity news, and more. Sign up here.
When I'm not holed up in my room going on a completely unproductive Netflix binge or Tumblr stalking Timothée Chalomet, I'm searching for awesome celeb news stories that Seventeen readers will love!
-
All the Easter Eggs and Name Drops on Taylor Swift's 'The Tortured Poets Department,' Explained
Digging through the fan theories so you don't have to.
By Quinci LeGardye Published
-
This Week's Best On-Sale Picks Include a Tory Burch Bag and Pretty Silver Ballet Flats
Warm weather is finally here—it's time to dress like it.
By Brooke Knappenberger Published
-
A Sporty It-Sneaker Era Is About to Begin
Nike's next Air models are designed for Olympic athletes, but they'll soon be all over street style.
By Halie LeSavage Published
-
The Best Bollywood Movies of 2023 (So Far)
Including one that just might fill the Riverdale-shaped hole in your heart.
By Andrea Park Published
-
‘Bachelor in Paradise’ 2023: Everything We Know
Cue up Mike Reno and Ann Wilson’s “Almost Paradise."
By Andrea Park Last updated
-
Who Is Gerry Turner, the ‘Golden Bachelor’?
The Indiana native is the first senior citizen to join Bachelor Nation.
By Andrea Park Last updated
-
‘Virgin River’ Season 6: Everything We Know
Here's everything we know on the upcoming episodes.
By Andrea Park Last updated
-
The 60 Best Musical Movies of All Time
All the dance numbers! All the show tunes!
By Amanda Mitchell Last updated
-
'Ginny & Georgia' Season 2: Everything We Know
Netflix owes us answers after that ending.
By Zoe Guy Last updated
-
35 Nude Movies With Porn-Level Nudity
Lots of steamy nudity ahead.
By Kayleigh Roberts Last updated
-
The Cast of 'The Crown' Season 5: Your Guide
The Mountbatten-Windsors have been recast—again.
By Andrea Park Published