But don't worry the new hike won't break the bank. Netflix have told the Sun Online that from October 5 new members will have to pay an increased fee and from October 19th existing customers will be made aware of the price change. Existing members will then have a month to accept the higher rates, switch to a cheaper plan or cancel the service.
If you are on the €7.99 basic plan then you won't be seeing any increase in your payment. But if you are one of those subscribed to the €9.99 plan which lets you watch Netflix on two different screens at the same time, then you will see a one euro increase in your package.
Those who have gone for the 4S option will have to pay an extra €2 as the price is going up to €13.99.
Netflix announced the increase in a statement:
From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.
Our 2S (watch on two screens at the same time, High Definition when available) and 4S memberships (watch on four screens at the same time, includes High Definition and Ultra High Definition when available) have been increased slightly.
As always, up to five family members can set up profiles within the same Netflix account, ensuring that your recommendations are totally tailored to your tastes.
Over the past 5 years, the number of titles available to watch in Ireland has increased by 218 per cent.
To be fair even at €13.99 Netflix represents great value for money, and with season two of Stranger Things just around the corner I know I'll be forking out the extra few euro.