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 (opens in new tab), 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.
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!
-
The Instagram Guide to Tecate, Mexico
The Mexican town is known as “Pueblo Magico”—magical town.
By Michelle Stansbury
-
Worth It: Dior Capture Totale Le Sérum
It's the definition of a do-it-all.
By Samantha Holender
-
Kaia Gerber Is the First to Admit She's a Nepo Baby: "I Won't Deny the Privilege That I Have"
She made some great points.
By Iris Goldsztajn
-
The 56 Best Musical Movies of All Time: Iconic Movie Musicals
All the dance numbers! All the show tunes!
By Amanda Mitchell
-
'Ginny & Georgia' Season 2: Everything We Know
Netflix owes us answers after that ending.
By Zoe Guy
-
29 Nude Movies With Porn-Level Nudity
All the nudity of porn, but with the plot and storylines of mainstream film.
By Kayleigh Roberts
-
The Cast of 'The Crown' Season 5: Your Guide
The Mountbatten-Windsors have been recast—again.
By Andrea Park
-
Who Is Hasnat Khan, Princess Diana’s Boyfriend on Season 5 of ‘The Crown’?
Di’s friends have said she referred to the doctor as “the love of her life.”
By Andrea Park
-
Who Is Penelope "Penny" Knatchbull?
She and Prince Philip strike up an unlikely friendship throughout the fifth season of 'The Crown.'
By Andrea Park
-
'The Crown' Season 5: Everything We Know
The bombshell fifth season just dropped on Netflix.
By Andrea Park
-
90 Halloween Costume Ideas Inspired By Movies and TV Shows
Most of these Halloween costumes double as stylish additions to your closet.
By Brooke Knappenberger