Netflix expected to increase subscription prices starting next month and mainly targets those "grandfathered" into lower rates.
New rate is expected to be $10 per month for all users.
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Millions of Netflix users will soon need to pay more to stream their favorite TV shows and movies. Starting in May, Netflix will raise the price of its standard, two-stream plan to $10/month for subscribers who were previously "grandfathered" in to a lower rate.
According to Business Insider, UBS analysts claim the change will impact 37 percent of US grandfathered subscribers, which comes out to around 17 million people. These people are currently paying $8/month and got to keep that rate when the price went up to $9/month and then again to $10/month.
This change is expected to catch millions by surprise. A JPMorgan survey cited by Business Insider says 80 percent of the 17 million subscribers affected by the update are not aware of the forthcoming change.
The price hike will go into effect for the grandfathered subscribers on May 10. You can visit your Netflix account page on Netflix.com to see if you are impacted.
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http://www.gamespot.com/articles/you.../1100-6438676/