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!
Tags: benefit, increase, netflix, price, tech talk, tv news