Attention streaming movie marathoners: There are major changes coming your way. This month Netflix announced they'll be increasing their plan pricing. The trend of rising prices for streaming content is a growing one. Cell phone providers like Verizon, AT&T and T-Mobile are all planning to eliminate unlimited data plans in favor of tiered pricing. With experts predicting most cell phone users won't be hit by the changes for a few years, Netflix is taking most of the heat.
The Netflix Changes
Here are the basics of the Netflix changes. Instead of having DVD rentals and streaming movies priced together, each portion will be priced as a separate plan. For most users, this will increase the monthly bill by $6-10. Price changes will take effect September 1.
Customer Backlash
Understandably, cash-strapped consumers are not thrilled about price increases. The official blog post announcing Netflix's changes has generated more than 12,000 comments. Most appear to be current subscribers pledging to cancel their subscription.
More Than the Price
On the surface, $6 doesn't seem like an outrageous amount, but customers are hurt about more than the money. Many who've been with Netflix from the start feel their loyalty has been betrayed. Disgruntled loyalists would like prices to stay as they are for current subscribers with increased rates only for new subscribers. Read more
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