In a move unsurprising to capitalists everywhere, Netflix recently announced via letter by CEO Reed Hastings and CFO David Wells, that they would be raising the subscription rate for their streaming services. The letter (via IGN) states:
Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only
Pfew. We were really nervous that the price increase was going to affect us since we already have an existing P.O.G. account… then we got to the bottom of the letter which stated:
Existing members would stay at current pricing (e.g. $7.99 in the U.S.) for a generous time period.
Doh! Well it looks like Netflix is going to bump the price up as much as $2 a month for all users over an unspecified amount of time. Considering the quantity of titles available to consumers through Netflix, this more than likely will work out for the company and increase profits. Plus there will be an increasing amount of original content being made available through Netflix over the next few years, ranging from House of Cards to Marvel’s Daredevil. Yea… they got us hooked…
Source: IGN, TheWrap, quickmeme.com, amusingtruth.com