Netflix dropped a bomb on the world yesterday as they announced that they were going to raise their prices by 60%. Netflix, which has not been posting a profit, has for years been offering customers the option of streaming select movies over the internet or receiving a DVD by mail. Now Netflix has decided to charge customers double claiming that the company is just “restructuring” their product line. If Time-Warner or Comcast decided to give you half the channels for the same price they would be fined by the government. Twitter exploded with Netflix hate today.
With so many users jumping ship the standard quit and wait for the “Come back to us and get 50% off” email is probably not going to happen.