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Netflix adds unlimited streaming plan; raises prices for DVD plans

Netflix making a move towards DVD-free business model

| Software News | Posted: Nov 23, 2010 1:01 am

It's good news, bad news for Netflix fans today. The good news: Netflix is now offering an unlimited streaming-only subscription plan for those of you who can't be bothered with physical media. The bad: Netflix is raising prices on several other plans that are based around DVDs.

 

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The unlimited streaming plan will run $7.99 a month, which puts it right in line with Hulu Plus' offering. This plan is available right now. As for the price hikes, the 1-DVD and 2-DVDs out at a time plans will rise by $1 while the 3 DVDs-plan will jump $3 to $19.99. This will definitely make the streaming option a lot more attractive to those who have an internet connection that can handle it.

 

According to Gabelli & Company analyst Brett Harriss, "for a while, the goal of the company was to change its business model from DVDs to streaming because it recognizes the DVD has a limited shelf life at this time and streaming has higher margins." We'll see if the number of new streaming customers are worth the grumpy DVD renters.

 

NEWS SOURCES:Finance.yahoo.com

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