Netflix ups prices, introduces new 'budget' plan

Posted by: Jennifer Cefai (4 years, 2 months ago)

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Netflix has increased its popular $8-per-month-streaming plan by a dollar, bringing its 2-screen, HD-capable streaming plan up to $9 a month for new Netflix adopters. Current members get to hang onto the $8 price tag for another two years without any change. In addition to this, the company has also offered another plan for $8, this one offering SD-quality viewing on just one screen. 

The 12.5 percent price hike won't go unnoticed, if history's anything to go by. Netflix had gotten rid of its popular $10 dual-DVD/instant-queue package a while back, which had resulted in an outcry so loud that CEO Reed Hastings was forced to make a public apology. Given Netflix's dominance in the market, it's unlikely this latest move will be received as badly - there are many alternatives to the streaming service but none seem to have quite the same appeal as Netflix do, especially with 4K streaming on its way in over there.

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