Netflix is about to get more expensive

Last time Netflix tried to raise their monthly rate, the company took it on the chin, hemorrhaging customers and taking a stock nose dive. This time they are being a little more cautious.

The company plans to raise streaming prices for the first time in nearly four years, with new members paying $1 or $2 more a month for the service, or as much as $10.

Netflix’s current plan includes all-you-can-eat movies and television shows for $7.99 a month. Existing customers will continue to pay the current prices for “a generous time period,” the company said.