Netflix Is Raising the Price of Its Standard Streaming Plan

Netflix announced today that it will increase the price of its standard streaming plan for new users, as well as current subscribers after a one year grace period.
Prior to the announcement, the standard plan cost $8.99 per month; going forward, new customers in the U.S. and Canada will pay $9.99 per month. Current subscribers will continue to pay $8.99 per month for another year before being forced to the higher price.
The standard plan allows for two simultaneous streams at once and, according to Bloomgberg, is the most popular plan on Netflix. For users who prefer to pay less, Netflix also offers a basic plan that allows for just one stream at a time for $7.99 per month.
Readers, are any of you considering newly subscribing to Netflix? If so, which plan will you go for? Existing customers, will you change your subscription to the cheaper plan after your one year is up? Or will you do all your streaming on Hulu or Amazon Prime instead? Sound off in the comments below!

I'm a cord cutter. I use a antenna and get 60 channels for free. I have Netflix , Hulu , prime (mainly for the 2 day shipping ), and sling . That comes to 42 a month if you count prime . I was paying over double that !
I'm not going to complain and I'm really happy . 1 dollar is not going to break me .
Could not have said it getter myself!!!
I already feel like I'm not getting my money's worth.
Still, I've been wondering what netflix brings extra..,
I would be willing to pay for on-demand too. But not two video services. No cable! Why?
Netflix will have to bolster their offering to keep on raising their rates, especially when you consider that their tv series don't get released until after the DVD has been out a while.
I'll either drop down to a single stream or go with Prime to get the shipping.