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Your Netflix account is about to get more expensive

Your Netflix account is about to get more expensive
Netflix

If you're watching movies and TV shows with streaming video, it's a good bet you're using Netflix. It's still the most popular service around with one of the widest ranges of content. Plus, it's a lot less expensive than a cable subscription.

However, that price gap is about to get a little smaller. For the second time in 18 months, Netflix is raising its prices. So, what are you going to be paying and when?

Netflix announced yesterday that it would be increasing the price of its most popular membership subscription - standard - by $1, up to $9.99 per month. That gives you HD video streaming for two people. Prices for basic and premium memberships will hold steady at $7.99 and $11.99 per month, respectively.

The price hike is effective immediately for new members. Fortunately, existing members won't see the hike for another year, meaning they will be "grandfathered" in. So, what's up with the price hike? And can you expect another one soon?

Next page: Netflix's future plans
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