(NBC) – Netflix is about to get more expensive.
There may be a new streaming service that competes with Netflix and it’s cheaper too.
Netflix is rewarding its longtime customers, kind of.
Starting in May, some people will see a 10 dollar a month charge for Netflix’s most popular plan. Depending on how long you’ve been a customer, you’ll see an increase of one to two dollars.
The longer you’ve been with Netflix, the more you’ll wait before your price options change.
Netflix is calling it, ungrandfathering.
The company says you’ll get an email before you owe more.
And the new fee will happen sometime this year.
Netflix also has a cheaper plan but it comes with restrictions.
Such as, only one person on the account at a time or streaming only in SD.
If you don’t like the change, there are competing services.
According to the Wall Street Journal, Amazon will have a new streaming service for $8.99.
Not only is it a dollar cheaper than Netflix’s most popular plan.
But the service will be stand-alone.
Meaning, you don’t have to sign up for prime, Amazon’s free shipping membership.
No matter which plan you pick or how you stream, a little competition between companies could mean more savings for you.