Netflix increases streaming cost by $1

News of a price increase for Netflix's streaming service circled the Internet last month, and today we know the specific details. According to an email that was sent out to its customers, the price of a monthly streaming subscription is increasing from $7.99/month up to $8.99/month. That's on the low end of what the company was considering doing, based on their previous earnings reports.

On the bright side, Netflix is trying to build some goodwill by promising to lock in the price for current customers at $7.99 for an entire two years. Unlike cable providers, who routinely increase prices at the drop of a hat, this is a nice customer-friendly move by the company.

As more and more people cut the cord and switch entirely to streaming their content, cable companies need to be (and are) concerned. Adding an extra buck a month isn't going to dissuade many people from subscribing to the service, but will give Netflix some extra capital to increase their speeds with the local cable companies. Ironically though, the cable companies are still making money from streaming companies, as the recent deal between Netflix and Comcast illustrates.

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It's £1 more a month this side of the pond, but I think it's realistic given inflation, etc.

Delaying it 2 years for customers is nice. Unlike other companies here who see fit to put prices up mid-contract :(.

$12/yr isnt a huge deal. it's the principle of it. Subscribers didnt ask for Netflix to make a deal w/ Comcast. Subscribers didnt want Comcast, or Verizon, or soon, TWC, to throttle netflix connections. Why is it always the end user that gets screwed?

So as people cut their cable, these cable providers simply find other ways to increase revenue which only hurts the remaining users. Also, how is it even remotely fair that I have to pay TWC for those people who use free OTA channels? (im one of them). I literally have to pay $2-3/mo extra to absorb the cost of those people who have an antenna and get free service. in what world is that my problem?

how about we all just dump everything and go full-on 19th century :)

The comcast deal is NOT why they raised the price. in fact the comcast deal supposedly actually reduced their costs for some reason, I don't know the details.

This is plain inflation combined with general low income form their subscription.

Netflix has a deal with my ISP too...
They placed servers at my ISP, since priority isn't needed here because no ISP network is getting maxed out or even close to it.
But it severely cuts loading times, latecy and such. When I start streaming a show not on my ISP network it takes 2 to 3 times more time to load shows :(

I'm expecting they raising the price because of shows being expensive. Sure those netflix guys would give us Game of Thrones, Vikings, Arrow, SHIELD and more... but it aint easy to get.

I followed Netflix coming to NL closely, and they really tried getting as much dutch shows and such to Netflix. And they did get a bunch of movies (I finally got to it to watch the horror "child approved" Saint Nic movie :D) and cabaret (Netflix, within weeks became the best source of dutch Cabaret).
But just like in the US, media/Tv here is controlled by 3 families. And they aint giving up their stranglehold on the cable market here. Even though that stranglehold has been lost decade ago and our TV cable providers are in the hands of foreign companies... cheers.

The humanity, 1$ more?!! 9$ a month?!!! How can I ever afford THAT?? /s

Seriously though. In the age of 10$ and more movie tickets, 40$ blu-rays and 60$ video games, 9$ a month for a huge catalog of movies and TV series, including great original content like "house of cards", is nothing.

Ok, am I dense or is there only one price plan at the moment? I'm uncomfortable with the words "price and plan" because that suggests to me that a 'better' plan may be out soon.

For all the benefits of Netflix, there is ultimately a woeful amount of watchable\enjoyable content on there (I am a subscriber incidentally).
In the UK when Sky TV was threatened by competitors they sold their standard channels (as was contracted to the competitors) and brought out a new 'Sky Atlantic' channel which was not part of deal and pushed all the best content onto there, making it exclusive.

I hope I am not a customer that will be getting a (more) shoddy deal in 6 months because a new "Netflix, more modern, more current, more expensive" plan is released. Maybe I will be Netflix classic???

There is two plans.

the regular plan that is identical to the one they always had with unlimited devices and 2 simultaneous streams, and the bigger plan they introduced last year or so as a family pack with 4 simultaneous streams.

Same content, just more people can play from the same account at the same time.

A lovely pack I must say. It can be used outside the family too. Well my sister and parents use up 2 of my 4 streams, a friend living halfway across the country takes up the last.
One of the reasons why I'm waiting for Netflix to go to France, my stepmom is Belgian (french part) and she loves Netflix even more than I do.

Shadowzz said,
A lovely pack I must say. It can be used outside the family too. Well my sister and parents use up 2 of my 4 streams, a friend living halfway across the country takes up the last.
One of the reasons why I'm waiting for Netflix to go to France, my stepmom is Belgian (french part) and she loves Netflix even more than I do.


Unblock-us.com

Mediahint FX addon <3
And ofc hola for when I like to tune in to UK or CA Netflix.

Netflix themselves absolutely don't seem to mind people 'bypassing' region filters :)

Shadowzz said,
Mediahint FX addon <3
And ofc hola for when I like to tune in to UK or CA Netflix.

Netflix themselves absolutely don't seem to mind people 'bypassing' region filters :)

Media hint and hola have become terrible and only give blocky low res streams nowadays. Unblock-us gives direct stream from the US CDN servers.

Yeah hola often gave me low res streams, they seem to cause a bunch of latency.
Mediahint gives me the good quality, but only gives me US Netflix, not CA or UK :(

Read between the lines...

Open your emails people... 7.99 for previous owners... will only last for so long.. then we join the rest of the group. This ISN'T for just new subscriptions.

Hi ....

In order to continue adding more movies and TV shows, we are increasing our price from $7.99 to $8.99 for new members. As a thank you for being a member of Netflix already, we guarantee that your plan and price will not change for two years.

You can review your membership details at any time by visiting Your Account. As always, if you have questions, we are happy to answer them. Please call us at any time at 1-888-357-1516.

-The Netflix Team

Straight copy from my email.. to you.

xMorpheousx416 said,
Read between the lines...

Open your emails people... 7.99 for previous owners... will only last for so long.. then we join the rest of the group. This ISN'T for just new subscriptions.

Umm yeah, the article also said that old members would have increased price, in 2 years. That's quite generous.

Its quite a nice move from Netflix.
Pretty sure they could've 'screwed' us customers over with the 1buck increment. Its still worth every penny anyways.

Again Netflix wins a few internet points, very few companies do nowadays.

It was already very cheap and £1 more is still pretty cheap. As long as there is a noticible increase in available content because he Uk netflix could still be better.

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