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Netflix raises membership price for new subscribers

Posted: , by Alan F.

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Netflix raises membership price for new subscribers
Remember the other day when Netflix said that it was considering a hike in subscription rates for new members? In a press release that was disseminated on Friday, the streaming video firm said that new subscribers will now have to pay $8.99 a month for service. If you're a current subscriber, you will continue to be locked into the $7.99 a month you currently pay, for another two years.

As long as Netflix uses the extra cash it raises to add more content to its site, no one will do much complaining. And in a brief statement on Friday, Netflix did say that this is exactly how it intends on spending the extra buck per month that new members will pony up.

"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."-Netflix

Current members now have about 730 days to start going through the entire site before they have to dig a little deeper into their pockets.

source: Gizmodo

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posted on 09 May 2014, 10:02 2

1. Planterz (Posts: 2110; Member since: 30 Apr 2012)

Glad I signed up a month ago. Yeah, it's only $48 over the next 2 years that I'll save, but hey...

posted on 09 May 2014, 10:18 4

3. B_Newsome (Posts: 6; Member since: 09 May 2014)

$48? think some math is wrong, 2 years = 24 months , a savings of $1 a month is $24 saved for the two years

Still, even at 8.99 it is still cheap entertainment. As long as they keep adding new movies it will be worth the price for awhile.

posted on 09 May 2014, 10:55

5. Planterz (Posts: 2110; Member since: 30 Apr 2012)

I thought I read $9.99/mo. Must be all that fermented and distilled molasses I have imbibed.

posted on 09 May 2014, 10:15 4

2. palmguy (Posts: 663; Member since: 22 Mar 2011)

A penny saved is a penny earned.

posted on 09 May 2014, 10:24

4. NokiaFTW (Posts: 2072; Member since: 24 Oct 2012)

Netflix, why don't you'll make your service available in India? There's alot of people here waiting for Netflix to work in India.

posted on 09 May 2014, 11:36

6. HASHTAG (unregistered)

If it were easy for them, I'm sure they would have already made it available for India and other places that don't have the service...

posted on 09 May 2014, 16:06

7. corporateJP (Posts: 2458; Member since: 28 Nov 2009)

If they get some more content, it is more than worth it...

posted on 09 May 2014, 16:26

8. 0xFFFF (Posts: 3806; Member since: 16 Apr 2014)

Every successful couch zombie needs this app.

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