Netflix hikes prices, adds DVD-only plan
Netflix today started offering a bare-bones DVD plan as it increased the prices of its DVD-and-streaming plans.
The company’s new $7.99-per-month plan, offered at a new page on the Netflix site, allows users to have one DVD out a time on an unlimited basis. According to a Netflix salesperson who spoke to CNET today, those who want to include Blu-ray discs in the new plan will need to pay $9.99 per month. Internet streaming of video content is not included. If customers want two DVDs out at a time, they will need to pay $11.99 per month.
NewTeeVee was the first to report Netflix’s new plan.
Netflix also announced today that those who want both DVD rentals and unlimited streaming will need to start paying more. Instead of paying the current $9.99-per-month fee for unlimited streaming and unlimited DVD rentals, customers will need to pay $15.98 a month for a single DVD out a time, paying almost 60 percent more for the same service. The company said the fee includes $7.99 for unlimited streaming and $7.99 for its new bare-bones plan. Those who want two DVDs out a time will need to pay $19.98 per month.
That’s a huge price increase for the one DVD out at a time/unlimited streaming service. I think I may be canceling my Netflix account. It was a great supplement to my home cable service, but a 60% price increase turns it into not such a great value. Not a great move in this economy, Netflix.