Netflix will increase the price of streaming for its most loyal members

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While the record quarterly growth in subscribers (and resulting rising share price – up 124 percent in 12 months) give the company reason to cheer, the company’s most loyal subscribers in the US will get slapped with a price increase later this year. Customers on ‘grandfathered’ plans (ie. people who signed up years ago before new pricing tiers were introduced) that cost $7.99 for HD streaming will be given the option to continue streaming in standard definition (SD) instead or to pay $9.99 per month to continue watching in HD. – Ben Woods, The Next Web
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