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Netflix Inc.

Your grandfathered Netflix rate may be going up this year

Your grandfathered Netflix rate may be going up this year

It's about to cost more to Netflix and chill.

Netflix announced this week that existing subscribers will probably see their monthly rate increase starting sometime this spring. The company will no longer be "grandfathering" users, allowing them to stay on the HD digital-only $7.99-a-month plan. Previous price increases had only applied to new subscribers.

In a statement to shareholders, Netflix wrote, "In Q2 and Q3, we'll be releasing a substantial number of our U.S. customers from price grandfathering...

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