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Friday
Oct282011

Boy did Netflix catch a break

Recently Netflix announced a loss of over 800,000 subscribers since an announced rate hike.  Many wondered why they would raise prices so much with such a loyal customer base.  As a result of this hike, many have fled.  Seems like they may come back a little.  One rival, Redbox seems poised to help Netflix get those customers back by announcing a 20% rate hike for DVD rentals.  Starting Monday, October 31, 2011 (how ironic), DVD rentals will go from the current $1.00 to $1.20.  Personally I think the most annoying part of this rate hike is the uneven increment of .20 cents.  Now you got to deal with change at that box.

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