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Posted: 1:11 PM Jul 12, 2011
Netflix Raising Rates
SAN FRANCISCO (AP)
Netflix is raising its prices for the millions of subscribers who use the service to rent DVDs through the mail and watch video over the Internet.
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  • by Smooth Operator Location: Cville on Jul 13, 2011 at 07:30 AM
    I could have called this years ago. When Netflix came out, I knew the price wouldn't last long. And sure enough, it blew most video rental places out of the water, and now they are the largest one standing. Of course NOW that they have the monopoly on dvd rentals since places like Blockbuster are closing stores, then they can raise it to where they want to. I like Netflix, but I will stick to Red Box and Blockbuster Express for now.
  • by Netflix on Jul 12, 2011 at 04:03 PM
    Hey, Why don't you report more to this story? The main reason why Netflix is raising rates is because their contracts with the folks are expiring in a year or two and when they re-negotiate, they would be paying a huge amount more. Look it up!
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