Wednesday, July 13, 2011

Netflix is raising their rates by 60%!

So I just got this email from Netflix. We were streaming and getting one DVD at a time for , I think, $8.99 a month. Now, they are going to charge 6.99 a month for one or the other-streaming OR getting DVD's in the mail.

Are they crazy? I thought they were swimming in record profits! Just as all the competitors spring up, Hulu, etc. they hike prices 60%? Woo-hoo, what a great business model, sort of like the oil companies.

Putting my membership on hold while I explore the other options. That keeps my membership, but doesn't give them any revenue. I wonder what would happen if scores of subscribers all did that right now. Abject panic in the boardroom? I certainly think so.

I've been dragging my feet avoiding figuring out how to connect my computer and stream content from it, but I think this will spur me over that little hurdle.

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