If you’ve been a Netflix subscriber for a few years, you’re about to see a bump in your monthly rate. On May 9, Netflix will be increasing the subscriber fees for more than 30 million U.S. customers.
These customers have been enjoying a “grandfathered” monthly rate of $7.99 for a while now, and will see their rate increase by $2 per month starting in May. The $9.99 rate that these subscribers will now be paying is the same that new Netflix subscribers pay.
Wedbush Securities analyst Michael Pachter thinks that this increase for tens of millions of people will result in increased subscriber churn for Netflix, which will translate into a boon for rival Amazon. Said Pachter:
“We expect to see slowing domestic subscriber growth for Netflix in the middle two quarters of the year, and expect Amazon to benefit from this churn,”
Will this price hike deter you from continuing your Netflix subscription, Insiders? Why or why not?
[via Home Media Magazine]
Sticking with Netflix… only game in town with compelling content. That being said I have all 3 players; Netflix, Hulu and Amazon. Amazon has a few shows that are good, but for the most part, their movie content greatly overlaps with Netflix.
Still a hell of a lot cheaper than cable or satellite.
Sticking with what I have. Netflix has been telling people about this for sometime. It’s not something they pulled over night.
1. NetFlix. Still a great deal.
2. Hulu with NO ADS. With Showtime.
3. HBO Now.
4. Warner Archives.
5. CBS All Access.
All going to my Roku 3.
Everything plays great. No jumping. No stop & go.
Everything going up. I have been paying $7.99 for Netflix for years on end.
$2.00 bucks more. Ok with me… Still a great deal.
I am happy with Netflix – still a good deal :)
$2 is no big deal to me they have enough content to make it worth it.
Going to cancel Netflix???? They have crap for movies. They are moving to their own shows which really suck like ????
Gee whiz, and I thughot this would be hard to find out.