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That's almost a doubling, which will make people unhappy.
As was said, it's still a pretty good deal but everyone knew this would happen. Netflix is sort of a pyramid scheme, not that it's a scam, but once there are no more new members, you need to find some other way to keep the profits going up. So price hikes are going to be the norm.
There is sort of a dilemma with Netflix though, they have to pay a licensing fees for those movies they stream, so if they increase the amount of movies they stream or stream newer releases, their costs go up, but they don't really attract any new customers, they just make their current customers happy.
Of course, you know the movie companies are going to pressure Netflix any chance they get to raise the licensing fees, especially if they start working as a group.
Netflix is obviously in a great position, but they have a few bumps to overcome.
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