Netflix liked Amazon's price hike so much they decided to emulate them:
http://www.cnet.com/news/what-we-kno...ix-price-hike/
$1-$2 extra for new subscribers sometime in the next month or two.
Current subscribers will be grandfathered for a while.
Quote:
The executive said the company is still deciding how long current subscribers would be "grandfathered" in -- that is, how long current members would continue paying their current rate before the higher price applies to them.
He said the length of that period of time would be generous, likely between one and two years. When Netflix raised prices in Ireland, it gave current subscribers there a two-year lag before a price increase hit their monthly bills.
New members who sign up for the service, starting sometime before the end of June, will have to pay at a monthly rate that is $1 to $2 higher than the $7.99 level that allows for two simultaneous video streams and the $11.99 rate for four streams at the same time. The company suggested the increase would happen in the US as well as other countries, saying in a letter to shareholders that the amount of the increase could vary by country.
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