HomeStreamingNetflixNetflix subs to keep $7.99 rate for one year

Netflix subs to keep $7.99 rate for one year

Current Netflix subscribers who pay $7.99 per month will get to keep that rate for at least the next year, Netflix CEO Reed Hastings said in an interview yesterday. However, new subscribers will pay whatever the new rate turns out to be when the Netflix unlimited streaming subscription goes up either $1 or $2 sometime before the month of July. News of the fee hike came with Netflix’s strong quarterly earnings report issued yesterday, which also revealed the service coming to cable DVRs in the US.

The increase in subscription fees follows Amazon’s raising of the Prime Instant Video service yearly fee that jumped to $99 from $79. However, the Prime subscription fee includes unlimited free two-day shipping on most items and free books through the Kindle lending library.

Both companies face increasing licensing costs for premium content from film and television studios, and competition from other online video services such as Hulu (co-owned by Fox, Comcast, and Disney), and networks like HBO and Showtime.

HD Report frequently features articles written by guest contributors who are experts in the industry. Our publication is listed in Google News as well as other tech and entertainment forums. If you would like to write a news article, review, or editorial please contact us.



Please enter your comment!
Please enter your name here

Disney 4k Blu-ray!

WandaVision: The Complete Series 4k Blu-ray
The Mandalorian - The Complete First Season 4k Blu-ray
The Mandalorian - The Complete Second Season 4k Blu-ray
Loki: The Complete First Season 4k Blu-ray

4k HDR TV Deals

Blu-ray Collections

New Articles

Support Us!