Back in November, the powers that be at Netflix went ahead and upped their rates by anywhere from $1–$8 per month both to rent DVDs and have unlimited access to their instant-streaming catalogue. That was rough in its own right, but now it's going to cost $7.99 per month to rent out one DVD at a time and an extra $7.99 per month to have access to unlimited instant streaming. Yup, it will now cost you $16 per month to have both services going at the same time, and that is some tough cookies for all of us currently dishing out $10/month for that same level of access.
As to why Netflix made this buzzkill of a move, apparently it was intended to "better reflect the costs" of their services. It would be one thing if their instant-streaming catalogue was expansive enough to render the DVD option obsolete, but with the way things are now, a lot of us are just gonna have to bite the bullet and dish out that dough.
The new prices will take effect on Sept. 1 for existing customers and immediately for new ones, so for all you Netflix devotees out there, looks like you've got yourself two months and change to tackle that instant-streaming queue like there's no tomorrow. Head on over to Netflix to see their statement about the new rates.
How pissed off are you at Netflix right now?