Netflix Plans to Raise Prices for New Customers


netflix-movies-expiring-jan-2014Netflix plans to to raise their current rate for new customers from $7.99/month to $8.99 or $9.99. CEO Reed Hastings said, “Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only.” Existing customers will be able to stay at the current $7.99 rate for a “generous period of time”. From my perspective, I don’t think it’ll impact that much. People will still pay the extra dollar or two for the amount of content Netflix gives out. What do you guys think? Tell us in the comments!