Netflix Announces New Prices For Streaming and DVD plans

Subject: General Tech | July 12, 2011 - 05:05 PM |
Tagged: Netflix, streaming, ip

Today, Netflix announced significant changes to the movie rental service’s pricing structure in addition to a new DVD only plan. Representing their lowest price ver for unlimited DVD’s they have announced a new $7.99 a month plan for 1 DVD out at a time and $11.99 per month for 2 DVDs at a time. Netflix is further changing up the way DVD plus streaming plans work. Specifically, they are changing their plans into separate DVD only and streaming only plans. Customers would then further be able to add a streaming plan on top of the DVD plan to their account.

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The unlimited streaming only plan will be priced at $7.99 a month while the unlimited DVD only plan will also be priced at $7.99 a month. Thus, the price of the lowest cost DVD and streaming monthly price will be $15 USD. The new prices are effective immediately for any new members while existing members will be subject to the price increases starting September 1, 2011.

Netflix claims that they have changed the prices in response to the realization that DVDs still have a long life and the previous model of $2 add on to the streaming plan for 1 DVD out at a time was not making them enough money cost effective. On one hand, customers are up in arms regarding the price increase for the same service they have been paying to for years, and on the other hand the price increase may allow Netflix to update its streaming catalog more frequently with new content. Regardless of the semantics, it is certainly a bold move by the company and it will be interesting to see how its customers react.

What are your thoughts on the pricing changes?

 

Source: Netflix
July 12, 2011 | 07:48 PM - Posted by Anonymous (not verified)

im really mad!!!!!!!!!!!!!!!!!!

-- katy

July 12, 2011 | 07:49 PM - Posted by Tim Verry

I know you are :P

July 13, 2011 | 03:09 AM - Posted by Anonymous (not verified)

Total crap.

July 13, 2011 | 05:25 AM - Posted by Ryan Shrout

I have a feeling I'll be cancelling my subscription as well. We definitely don't use it enough to pay $18 / month.

July 13, 2011 | 05:44 AM - Posted by GenBlood

I agree too,

I streaming is good, but the selects need major improvements.
I'm thinking about cancelling it too. I'm hoping Netflix
changes their mind ...

July 13, 2011 | 06:30 AM - Posted by gamer (not verified)

HMMMM yeah looks good

http://gamersiso.com

July 13, 2011 | 07:56 AM - Posted by Dean (not verified)

They are tired of customers wanting their product. Please people stop renting movies from us, that is not why we are in business.

July 13, 2011 | 08:38 AM - Posted by WardMD (not verified)

I don't see what the big deal is!

My current plan (unlimited stream + 1 DVD at a time [including Blu-Ray]) is like $10/month. So it's going to bump up to $16 (or $0.20 more per day). Yeah, that's going to bust my budget (NOT)!

For those of you who can't stand the thought of a company actually making a PROFIT for the Goods/Services they provide, go ahead, cancel your subscriptions, and go back to renting from Blockbuster (if you can still find one) at their "reasonable" price - then again, there's always RedBox.

As for me, personally, I kind of like NOT having to drive to a vending machine to get one of their VERY LIMITED DVD offerings (compared to NetFlix's vast DVD library and streaming offering) - but that's just ME...

July 13, 2011 | 09:25 AM - Posted by Tim Verry

/Maybe/ if there was some kind of new service addition or value addition accompanying the price hike I might be okay with it, but out of the blue they decide that they want more money for the same service is just asinine.

O well, they will just make more money per customer off of a smaller number of customers than their current model of making a little bit off of a significantly larger customer base. Good luck getting new streaming content deals when their market drops significantly considering its already a rocky road with their huge market.

July 13, 2011 | 09:25 AM - Posted by Tim Verry

/Maybe/ if there was some kind of new service addition or value addition accompanying the price hike I might be okay with it, but out of the blue they decide that they want more money for the same service is just asinine.

O well, they will just make more money per customer off of a smaller number of customers than their current model of making a little bit off of a significantly larger customer base. Good luck getting new streaming content deals when their market drops significantly considering its already a rocky road with their huge market.

September 26, 2013 | 03:48 AM - Posted by Netflix Prices (not verified)

My friend Rozy having some serious issues with streaming Netflix on the PS3, if any user have proper solution, then comment here and give suggestions, last time in 2013 Netflix raised prices, but I am fan of them, so still now using their services – thanks.

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