HardOCP News
[H] News
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- Dec 31, 1969
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Just a reminder that Netflix members like myself, that still only pay $7.99 per month, are facing a price hike soon. It's only two bucks so it's not like a big deal or anything, especially since everyone else has already been paying $8.99 to $9.99 for more than a year already.
In its fourth-quarter letter to investors, Netflix NFLX, -0.68% said it will release a substantial number of those subscribers from their grandfather clause. That means they’ll have a $2 increase in their subscription if they want to keep the standard service, or otherwise sign up for the lower-tiered $7.99 service that streams video in standard definition on one screen. The company didn’t specify a date, but said it will happen through the second and third quarters.
In its fourth-quarter letter to investors, Netflix NFLX, -0.68% said it will release a substantial number of those subscribers from their grandfather clause. That means they’ll have a $2 increase in their subscription if they want to keep the standard service, or otherwise sign up for the lower-tiered $7.99 service that streams video in standard definition on one screen. The company didn’t specify a date, but said it will happen through the second and third quarters.