I tend to follow the news a lot and I recently learned Netflix had plans to raise their subscription fees for new subscribers by $1. The other day I got the email from Netflix to confirm their decision to raise the price for new subscribers and they would be locking my price in for the next two years as long as I stay on the plan I am currently on.
I noticed the news stations are creating a lot of buzz about Netflix’s decision to raise their subscription fees by $1 for new subscribers, stating Netflix is looking to make more money. However, the truth is network stations and movie companies are wanting more money from Netflix and in order for Netflix to continue to bring their subscribers the latest seasons, new movies, and Netflix Originals they have to raise the fees to cover the cost.
What does this mean for new subscribers? It means instead of paying $7.99 to stream on two different TV’s you will have to pay $8.99. However, if you don’t want to stream on two different devices at once, you can go with a cheaper subscription package.
If you stop and think about it you get more for your money with Netflix then you do with your cable or satellite provider. I remember when we had DirecTV, we were paying over $60 a month and we had to watch whatever they put on the channel. Now we have the freedom to watch what we want when we want as long as it’s on Netflix.
In order for Netflix to continue to offer their subscribers new movies and the latest seasons they have to charge a little more to cover the costs. Will I drop Netflix in two years when my price goes up? No
Are you a Netflix subscriber, if so what do you think of their recent decision to raise their subscription fees?
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