Netflix Raises Price to $10 – The price of binging went up $2

netflix price increase

Netflix is raising the price of their popular streaming service to $9.99 per month. This means that all Netflix subscribers will have to pay an extra 20% to keep watching the same service they have now. Is the price hike worth the extra $2 per month?

Netflix has grown from delivering DVDs to homes (does anyone get DVDs in the mail anymore?) to a full fledged movie and tv show streaming service. They recently started streaming content in 4k and have added a number of original movies and shows.

Watching movies at home has evolved. Once upon a time, if someone wanted to watch a movie on their TV, they drove down to their local Blockbuster video store, wandered the aisles until they found a movie that looked entertaining and rented a VHS tape for a few dollars. If the video was late, a daily charge would be applied and this often totaled more than the cost of the movie purchase. The video rental industry switched to DVDs and eventually Blu-Rays as people upgraded their home theaters to include HD flat screen TVs and hi-definition video projectors.

Redbox and Netflix killed the video store. Their ability to innovate with convenient kiosks at gas stations and McDonald’s restaurants along with Netflix’s cheap mail order DVD rental service ended Blockbuster Video. Other video store chains like Hollywood Video saw a similar fate.

Netflix shifted to streaming video as broadband saturation reached most homes. Smart TVs, set top boxes, and mobile devices enabled Netflix to be streamed on any screen in the home. They quickly dominated the video streaming market.

The cultural phenomenon called binge watching was created around Netflix’s full season streaming. As the streaming service started adding compelling original content, people could not consume it fast enough. It used to be that someone would worry about their friends disappearing for days, now they understand that they are probably binging on the latest season of House of Cards or Daredevil.

With Netflix’s price increase, will people stay with the service? Anyone with young children will probably continue to pay the extra amount so their kids do not revolt. Regular users and cable cord cutters might be ok with the price increase if Netflix continues to produce new content and delivers a better selection of newer movies.

 

Related: Waterboarding

Major Public Health Crises the U.S. is Dealing With Today

By editor | September 29, 2022

It seems that there is no end to the public health crises facing the United States. Polio, high rates of tobacco use, HIV/AIDS, and…

Kelly Roach Coaching Unstoppable Reviews

The Kelly Roach Coaching Unstoppable Reviews are In: 5-Stars Across the Board

By Staff Writer | September 29, 2022

Kelly Roach started her career by working at a Fortune 500 company, where she quickly climbed the ranks to the youngest Senior Vice President…

kitchen disinfectant safe

Is Your Household Disinfectant Harming Your Health?

By Staff Writer | September 29, 2022

The last few years have given new life to disinfecting. And while killing germs that lurk on surfaces is always a good idea, you…

How to Become an Entrepreneur Without Doing All the Work

By editor | September 20, 2022

Entrepreneurship can sometimes seem like an exhausting, draining job. And that’s because it is! There are lots of ways to explore your entrepreneurial options…

Sunil Wadhwani McAllen

From Humble Beginnings to Successful Hotelier: Sunil Wadhwani

By Staff Writer | September 19, 2022

South Texas hotelier Sunil Wadhwani is a success by any definition of the word. He owns eight hotels and has been in business for…

How to Reduce Expensive Mistakes in the Workplace

By editor | September 19, 2022

No one is perfect, and that includes employees. Sometimes, mistakes can be costly for a business. To minimize the amount of money wasted on…

Ralph Sanders

From Darkness to Light: Ralph Sanders is an Inspiration for Troubled Youth

By Staff Writer | September 17, 2022

Sometimes, we have to reach our darkest hour in order to see the light. For Ralph Sanders, this couldn’t be more true. After going…

Dr. Louis Hampers

Emergency Pediatrician Dr. Louis Hampers Exceeds Expectations At Every Turn

By Staff Writer | September 14, 2022

Described as talented, focused, passionate, engaging, and energetic, Dr. Louis Hampers has spent his career working tirelessly as an Emergency Pediatrician. Known for always…

Why You Should Listen to What Your Body is Telling You

By editor | September 14, 2022

Our bodies are incredible, layered, complicated machines. Our nervous system is perfectly constructed to deliver signals to the brain about all of the goings-on…