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Netflix is doing the opposite. If you’re a new customer, then you’re going to have to pay the increased service cost fees right away. However, if you’ve been “grandfathered” into a plan, then you’ll get to enjoy the current price you have until it eventually gets raised.
As to why this price hike has occurred, it probably just has to do with the fact that Netflix simply can.
Source: https://www.distractify.com/p/why-did-netflix-raise-subscription-prices
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