I am going to save money but it will be a tricky conversation - DP and DP's daughter use my account - I pay £15.99 a month so we can all stream simultaneously if we want to but these changes will prevent them using my account by the sounds of it. I don't think of it as "stealing" lol - as a PP said, it had the tacit approval of Netflix for a while and I have the most expensive plan - it just happens we don't live in the same house.
I don't know if Netflix will get more overall from us as one or more of us may just decide to cancel and then they will lose out - but if we all subscribe at £6.99 each they will get more income but at the expense of having two extra accounts to administer.
I don't really mind, had been considering cancelling anyway, certainly won't need the premium plan any more.