Netflix Hikes Prices for Standard HD Service in May

About 17 million subscribers will be affected by the price hike, according to an analyst

Netflix will raise the price for members streaming its standard HD service by $2 in May, NBC News reported.

Netflix previously announced that a "substantial number" of U.S. subs will see the price hike. They will have the option to continue at $7.99 for a single-stream, standard definition plan, or keep the HD service for $9.99 a month.

"Given these members have been with us at least two years, we expect only slightly elevated churn," Netflix CEO Reed Hastings and CFO David Wells wrote in a letter to shareholders in January.

About 17 million Netflix subscribers will be affected by the HD plan price hike, according to an analyst.

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