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Netflix Is Hiking Up Their Prices But Before You Lead A Revolt There Is An Upside To All This! Read About The Silver Lining HERE!

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When it was announced that Netflix would be raising their prices up above their AH-Mazing $7.99 a month, the internet prematurely started getting really pissed off.

However, before you start canceling your subscription and start trying to figure out other ways to survive a family vacation, you need to know two things.

One, if you're already a member, the implement payment hike would not go effect into "for a generous time period" even after new users start paying the higher rate, according to CEO Reed Hastings and CFO David Wells.

Two, the reason Netflix wants more money is, surprise, they want to do more with it! This is what Reed had to say:

"[O]ver the last couple of years we’ve been improving the content selection on Netflix and broadening it…[W]e have to eventually increase prices a little bit."

If we can trust Netflix to deliver us with great shows such as House of Cards, Orange is the New Black, and the return of Arrested Development, maybe we can pay "a one- or two-dollar increase, depending on the country, later this quarter” for more AH-Mazing content.

Overall, we should be getting excited to pay a little extra, especially if it means more incredible shows coming our way!

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9 comments to “Netflix Is Hiking Up Their Prices But Before You Lead A Revolt There Is An Upside To All This! Read About The Silver Lining HERE!”

  1. blueness says – reply to this


    1

    I do not believe that this will reflect a larger selection in Canada. We have 20% of the shows as on US Netflix, they charge us the same rate and are increasing it to boot. When I was staying in the USA Netflix was great but now, forget it. Rip off up here.



  2. 2

    I'm glad a close my account awhile ago… I never find anything new or decent to watch in Netflix !

  3. Crispy Bacon says – reply to this


    3

    If they add stuff like Inception, Jurassic Park, Independence Day, Moneyball and Smallville I'd be all for paying more. I think I'm paying too little anyway.

  4. sants says – reply to this


    4

    you're clearly being paid to speak INCREDIBLY HIGHLY and positiively about a hike in price…."we should be excited"? really? no.

  5. Maria says – reply to this


    5

    OMG im not paying more, maybe if i lived in US, im about to cancel my account right now

  6. Michel says – reply to this


    6

    You should know guys the service in other countries is not even the half that the US receives, it will be totally unfair to me the get up the price if there´s not even the same quality and quantity of programs and movies. Im also about to cancel my account if the price goes up.

  7. Christella Soeung says – reply to this


    7

    I believe Netflix WILL LOSE a lot of their customers because of how much they are going to raise their monthly price up. I'd say $7.99 is a good, reasonable price, why the change? I could never find/watch a decent show/movie that is interesting. Almost all of the films in Netflix are boring; same shows/movies all the time. Some people will be CRAZY enough to be paying $9.99 for their subscription to Netflix per month. I would seriously rather subscribe to Hulu than Netflix. In my opinion, there's no need for the raise at all.

  8. Janice Humpa says – reply to this


    8

    You have already increased the the price a few years ago. Re: DSummerfan

  9. Javita Chris says – reply to this


    9

    What!?! How in f@&% do you think OI should be happy that a company already profitable wants to charge me more so they can increase their own private production. Shouldn't they be using their own profits for this!?! Screw you clowns. I'm pushing for Aereo to get here in LA. Then again, maybe I should just start reading more. Twas the best of times, twas the worst of times…