Are You On an Previous Netflix HD Plan? Anticipate to Pay $2 Extra

Longtime Netflix buyer? You possibly can get hit with a $2 improve in your month-to-month invoice.

On Tuesday, the corporate revealed in its quarterly earnings report that clients streaming beneath the grandfathered $7.ninety nine HD plan will face a selection: both pay the identical worth for normal definition, or pay $9.ninety nine to proceed watching in HD.

Netflix raised the worth of its HD plan to $9.ninety nine for brand spanking new clients again in October 2015.

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Netflix does not seem too frightened that these clients will bounce ship. "Given these members have been with us no less than 2 years, we anticipate solely barely elevated churn," the corporate stated.

General, enterprise at Netflix seems fairly good, with the corporate reporting a rise of 5.fifty nine million members within the fourth fiscal quarter, bringing complete membership to greater than seventy four million. U.S. progress, although, is slowing: Netflix added 1.fifty six million U.S. subscribers from October by way of December, barely under what administration had projected.

On the Shopper Electronics Convention in Las Vegas earlier this month, Netflix introduced that it was launching in one hundred thirty nations, together with the world’s second most populous nation, India, for 500 rupees ($7.50) per thirty days.