Netflix Hikes Price For Unlimited Streaming/DVD Rental Combo
MIAMI (CBS4) – South Floridians who use Netflix to stream movies to their computers, TVs, video game players or DVD players and get movies in the mail on DVD are going to start having to pay more for the service.
Currently customers pay $9.99 per month for unlimited streaming and unlimited DVD rental. The company is now separating the services – charging $7.99 for each. Customers who still want to have unlimited streaming and unlimited DVD rentals will have to pay $15.98 a month.
Customers who want to skip the streaming but be able to rent out two DVDs at a time can do so for $11.99 a month.
“By better reflecting the underlying costs and offering our lowest prices ever for unlimited DVD, we hope to provide a great value to our current and future DVD-by-mail members,” said Andy Rendich, Netflix Chief Service and Operations Officer in a written statement.
New customers will begin paying for the new subscription plans at once. Existing customers have until September 1st to decide. The can change or update their plans by visiting their Netflix account online and updating their subscription settings.
Netflix introduced streaming to its popular DVD-by-mail business in 2007. Since then, membership has climbed from 6 million to nearly 24 million in the U.S. and Canada.