T-Mobile subscribers might not be happy with how it is handling the Netflix price hike

T-Mobile announced today that its current T-Mobile One and One Plus plans are evolving. With some upgrades, the carrier has given its service plans the new monikers of Magenta and Magenta Plus. Magenta keeps the same T-Mobile One features with two changes. Subscribers get 3GB of high-speed tethering per line, and unlimited 3G tethering once the high-speed cap is met. And the second change has to do with T-Mobile's Netflix On Us freebie. Families with a Magenta subscription receive free Netflix Basic, something of a downgrade from the Netflix Standard that families paying for T-Mobile One have been receiving. The difference between the two is that the latter does stream videos in HD, and only one screen can use the service at a time.

T-Mobile is making this change because Netflix has raised its prices. As a result, starting in July, families subscribed to T-Mobile One have to make a decision. They can pay an extra $2 a month to keep Netflix Standard, disable Netflix on Us, or switch to Magenta where they will receive Netflix Basic for free. Back in January, the wireless provider said that it would absorb the video streamer's higher prices "for now." But that will soon change.

The Magenta Plus package includes everything on the T-Mobile One Plus plan but includes free Netflix Standard for families. Pricing remains the same, which means that Magenta will cost $140 for 4 lines. Magenta Plus is an additional $15 per month per line or $10 per month per line on accounts with two or more lines. Both plans offer unlimited talk, text and high-speed data. Magenta Plus adds HD streaming, 20GB of 4G LTE tethering, unlimited in-flight Wi-Fi and more.

If you're unhappy with your Verizon or AT&T service but are afraid to switch because you are receiving a discount, T-Mobile is offering you a way out. Take your latest Verizon and AT&T bill into your local T-Mobile store. If the bill shows "an eligible corporate, affiliate, military or senior service discount," T-Mobile will hook you up with its Magenta plan and match the discount you're currently receiving dollar for dollar, but in $5 dollar increments. The cap is $15 off one line and $30 off two or more connections.

The matching discounts will be available starting on June 2nd.