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Netflix price hike coming to some users

Netflix price hike coming to some users
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You have to admit it, Netflix is a pretty amazing bargain. Compared to movie tickets for the whole family, popcorn and Raisinets, that eight or nine bucks each month for unlimited streaming movies is an amazing deal. But now, some users will see their Netflix bill balloon by up to 50%.

It's the same old story. Person buys fancy, ultra high-resolution 4K TV. Netflix adds small library of 4K titles. Person wants to watch 4K content. Netflix charges person more.

Yes, the world's favorite streaming site for TV and movies is now requiring subscribers who want to watch its 4K titles to sign up for the service's most expensive tier. So, instead of the standard monthly $8.99 for new subscribers and $7.99 for old subscribers, 4K watchers have to get the Family Plan for $11.99.

Here's a glimpse of Netflix 4K:

Netflix 4K

The good news is that the plan will permit subscribers to stream four titles -4K or regular resolution - at the same time, compared to just two with the less expensive plans. A company spokeswoman told Variety magazine, that the Family Plan is for "subscribers who care about the highest quality video Netflix has to offer." She also acknowledged that its 4K catalog was "modest."

Next page: Is the price hike worth it?
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