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Uh-oh, this is some Netflix news we didn't want to hear

 
It's basically impossible not to love Netflix. Between its awesome original shows (can anyone else not wait for A Series of Unfortunate Events?), some seriously great movies and all the Pretty Little Liars we can watch, it's basically the best thing on the internet. Whether we're just browsing the selection, diving into an old classic or using a TV show to procrastinate what we should really be focusing on, Netflix has become a part of our daily lives. But recently we got some really bad news...
Reed Hastings, CEO of the website that has transformed TV as we know it, announced to investors this past Wednesday that Netflix plans on increasing prices in the foreseeable future. Right now we pay a simple $7.99 a month to watch unlimited content, but soon enough, that's probably going to change. 

The good news? We've got at least a year before we'll be forking over any extra cash. The bad news? The next couple years after that aren't so safe. Hastings said, “Over the next decade, I think we'll be able to add more content and have more value and then price that appropriately."

Hastings is also hoping to crack down on password sharing. You know how you let your BFF share your Netflix account? Or how, if you don't have one, you'll occasionally log into your cousin's? It's pretty common among Netflix users—so much so that Hastings is hoping to find a way to encourage users to trade up for a better model: "We also want to motivate people to move up to the two-stream and the high-def and the ultra-high-def [plans]." He didn’t say much more on the subject, but it seems fair to say our Netflix viewing habits may change drastically in the upcoming years. 

Though we can't say we're thrilled about a planned price raise, we know Netflix has been pretty good to us so far, and we're ready to believe that when prices do go up, they'll be worth it.

Are you a Netflix user? What shows do you like to binge on the weekends? 

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by Nehal Aggarwal | 2/1/2016
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