Yesterday, Netflix announced new pricing for its subscription DVD rental service, one that represents a substantial increase. Subscribers to its streaming service will still pay $7.99 a month for unlimited content, but DVD rentals will also cost $7.99 a month, up from the $2 surcharge streaming content subscribers had been paying. Customers are furious.
There's a lot of talk about the whys. Some surmise that negotiated contracts are expiring and studios and networks will soon be raising fees charged to Netflix, and Netflix is just passing along the costs. And there's some chatter about how Netflix is taking advantage of its position as the market leader to squeeze more money from loyal subscribers.
On both of these points I call bulls...t.
This post is made possible by the generous support of people like you and our sponsors:
Topic - Netflix: $5.00 X 23,000,000 = More than chump change - mr grits 22:33:14 07/13/11 (10)
- I wouldn't have been able to see many films without buying them were it not for netfix - Plinko 17:35:45 07/25/11 (0)
- I canceled Netflix - J.Mac 14:23:34 07/18/11 (0)
- RE: Netflix: $5.00 X 23,000,000 = More than chump change - Ross 18:04:37 07/17/11 (0)
- Walk over to a Red-Box outlet... - Vinylized 15:17:08 07/14/11 (2)
- But even when I do there's not much selection. - Harmonia 15:56:50 07/15/11 (0)
- I rent 6 to 8 a month and am current on their selection! - mr grits 18:50:34 07/14/11 (0)
- It's a huge increase, but still a helluva deal. We've had it good the past few years... - musetap 11:25:35 07/14/11 (3)
- I'm gonna have to agree with musetap... - Revolver66 12:15:40 07/16/11 (0)
- Stockholm Sydrome * - mr grits 12:00:30 07/14/11 (1)
- Actually, ours went down... - musetap 18:59:13 07/14/11 (0)