It was inevitable – with the popularity of the Netflix service, featuring movies, TV and original programming, the cost for new members is going up very slightly.

The company announced in its first-quarter earnings letter to shareholders that it intends to raise the price of the service for new members by a mere $1 to $2.

Said CEO Reed Hastings about the price increase, “In the U.S. we have greatly improved our content selection since we introduced our streaming plan in 2010 at $7.99 per month. Our current view is to do a one or two dollar increase, depending on the country, later this quarter to new members only. Existing members would stay at current pricing (e.g. $7.99 in the U.S.) for a generous time period. These changes will enable us to acquire more content and deliver an even better streaming experience.

So, will you stick around for Netflix following the price increase

Source: GigaOm