If you have Netflix, and aren't just mooching off your old roommate's password, your bank account might be in for a surprise. Business Insider reports 17 million Netflix subscribers, or around 37 percent of everyone who uses Netflix, will have to start paying more next month—and the vast majority of people have no idea the change is coming.
Back in October, Netflix announced that new customers were going to have to pay a dollar extra a month for its "Standard" plan, which lets you watch on two screens at the same time. That raised the price to $9.99 a month, but existing users were grandfathered in at $7.99 a month. But now, that grace period is over.
Now, starting in May, every single subscriber under the standard "HD" plan will pay $9.99 a month. And according to a JP Morgan survey, 80% of people who will be affected by the price hike don't know it's happening. A separate survey by UBS said that 15 percent of people said they'd cancel if the prices went up, but in reality, maybe around 3 or 4 percent of subscribers actually will, because we're lazy and Orange Is the New Black is really good.
If you want to save around $24 a year, you can always downgrade to Netflix's "Basic" plan, which doesn't let you stream in HD and only lets you watch on one screen at a time. But if you're a cord-cutter, $9.99 a month is still way cheaper than your cable subscription was.
Follow Marie Claire on Instagram for the latest celeb news, pretty pics, funny stuff, and an insider POV.
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.
Megan Friedman is the former managing editor of the Newsroom at Hearst. She's worked at NBC and Time, and is a graduate of Northwestern's Medill School of Journalism.
-
Le Labo’s New Lavande 31 Eau de Parfum Redefines Lavender Fragrance
It’s an entirely fresh take on lavender.
By Samantha Holender Published
-
The Best Hair Straighteners Add Instant Shine to Your Style
These picks are coming in hot.
By Sophia Vilensky Published
-
32 Beauty Products That Are Just So Good
Sponsor Content Created With Walmart
By Caitie Schlisserman 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
-
Kim Cattrall Didn't See or Speak to Her Costars When Filming 'And Just Like That' Cameo
That's some type of commitment.
By Iris Goldsztajn Published
-
The 60 Best K-Dramas You'll Be Completely Hooked On
Wait, how is it already 2 a.m.?
By Quinci LeGardye Last updated
-
Selena Gomez Revealed Meryl Streep Is Joining 'Only Murders in the Building' Season 3
Fans are losing it.
By Iris Goldsztajn Published
-
Sophia Brown on Joining the World of ‘The Witcher: Blood Origin’
The actress opens up about the “surreal process” of playing the Lark in the Netflix fantasy prequel.
By Quinci LeGardye Published
-
'Ginny & Georgia' Season 2: Everything We Know
Netflix owes us answers after that ending.
By Zoe Guy Last updated