Netflix Is Going to Raise Prices for New Users

Bad news: Netflix will be hiking its prices for new subscribers. Per a first quarter letter to shareholders, CEO Reed Hastings says:

Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only.

Hastings added that the $8 rate for existing customers will stand for a "generous time period." It will only be a dollar or two a month, which isn't much, but if you've been thinking about signing up for Netflix and you haven't already, now might be the time if you want to save a few bucks. Hastings hasn't mentioned when this is happening, just that it is going to happen at some point. We've reached out to Netflix and we'll update when we have more. [Netflix via The Verge]