Netflix Introduces 60% Price Increase

money pileSome sad news for new Netflix customers.  The media streaming company plans to break their service up into two distinct plans.  For those that are not familiar with Netflix, they had originally allowed users to stream movies and rent a dvd under a single payment plan.  Well, those days are gone.

The plan originally allowed users to pay a monthly fee of $7.99 for unlimited streaming and an additional $2.00 each for the rental of a single DVD.  The new plan will break that pairing up–hurting potential customers as a result.

Now, prospective customers will have to pay a monthly fee of $7.99 for unlimited streaming.  If the customer would like to rent DVDs from Netflix, they will have to pay a new subscription fee of $7.99.  So, if one was so inclined to purchase both services, the total price would amount to roughly $16.00.  Thats a 60% increase to the original cost of the service.

Customers that already have a Netflix subscription should take advantage of the original deal while they still can–the new payment plan will go into affect September 1st.  That’s not a whole lot of time.

With this new payment plan, Netflix effectively curtails the sale of DVDs.  The new model should hasten the DVD to “out-dated” status.  Gone are the days of high DVD sales.  Enter the era of widespread media streaming.

SOURCEwww.techcrunch.com       

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2 Responses to Netflix Introduces 60% Price Increase

  1. Pingback: Sony’s Upcoming Tablet Computers Offer Fresh Designs | Boobytech

  2. geraldV

    Experts think that Netflix’s recent announcement of a sixty percent price increase
    will start to send over 2 million paying consumers for the exits. Where all of those
    consumers will go won’t be left up to chance, if Wal-Mart has anything to say about
    it. The retail giant declared Tuesday that it is adding its recently obtained high-definition streaming video program VUDU with WalMart.com. This might get the
    company millions in personal loans.

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