Netflix is raising prices $1- $2

newarkhiphop

newarkhiphop

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Netflix is about to get more expensive, but only by a dollar or two. In his company's Q1 letter to shareholders, CEO Reed Hastings said, "Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only." Hastings then noted that existing customers will be able to stay at current monthly rates (e.g. $7.99 in the US) for a "generous" period of time. "I don’t think it’s a huge difference," he said of the price change during Netflix's afternoon earnings call.

"We want to get this done well, and make sure we grandfather people cleanly," said Hastings. That decision to grandfather current rates means the higher pricing won't have a huge influence on Netflix's bottom line for some time. Hastings said it will be "quite modest in the short term." Netflix may also experiment with new tiers beyond the core price bump, according to Hastings. "We're continuing to look at that," he said.

The company says it experienced only "limited impact" after hiking prices for new members by €1 in Ireland. In that case, Netflix promised current customers that they'd be grandfathered into the cheaper plan for two years. But it might not stretch so long in the US. "We’ll do between a year or two," Hastings said, revealing that Netflix will reveal more specifics at a later date. Raising the monthly subscription fee will help Netflix "acquire more content and deliver an even better streaming experience," Hastings said. An $8.99 or $9.99 price would make Netflix more expensive than Hulu Plus — which costs $7.99 per month — but Hulu still annoys its paying customers with advertisements.
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Netflix is raising prices for new members | The Verge


New rate will be either $8.99 or $9.99
 
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I just started my service a few days ago, I definitely dont think it will be worth a price increase. They dont even have the newest movies and im not much of a TV series watcher.
 
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jdubnyce said:
:dahell: did you research prior to signing up breh? :what:
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Ive had a trial before starting my service so I knew what they had to offer, my point is that id rather rent new to DVD/Blu-Ray movies through Comcast or off my PS3 rather than pay more money for a service that has a limited movie inventory. I had no problem throwing away $7.99 a month to watch random movies while bored but im not paying $10 :manny:
 
ltheghost

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I think the 1-2 dollars more for House of Cards and Orange is the New Black is worth it. They just need to go ahead and put the rest of this Young Justice episodes up on there and I'm good. Now, wtf are they talking about charging for extra users..lol I never made an extra sub account because I knew they would try to pull this type of bullshyt. lol
 
NatiboyB

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jdubnyce said:
:beli:

is to be expected though; $8 a month is really inexpensive; the extra $1-2 per month per user = :whew: to their bottomline

plus, i'm sure their operating costs have increased given their jump into proprietary "tv" series production
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I pay for spotify also and thru hulu In the bushes so I'm good with amazon prime/netflix,
 
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