Netflix Raising Price To $9.99

Starting August 3, 2016, I received a note from Netflix that they are raising my price to $9.99. They do give you some options if you don’t like the offer. Current Netflix users do have 3 choices, they can go with the (1) Basic Plan for $7.99, (2) HD Plan for $9.99, (3) or the Ultra HD Plan for $11.99.

Interestingly enough, there’s already a class-action suit against the price increase accusing Netflix that it has breached their contract. The original promise was that Netflix users can keep their current contract for a lifetime as long as that user does not suspend their account.