Streaming services took off because people were tired of paying outrageously high prices for cable packages they only used part of and for the occasional night at the movies. But as streaming providers proliferate, the cost of cord-cutting is getting higher and higher, and customers are thinking of opting out once again. This week, Netflix introduced price increases, and some of its subscribers have had enough.
The basic Netflix subscription is increasing from $8 to $9, the standard plan is going from $11 to $13, and the premium plan will now be $16 instead of $14. A Streaming Observer survey found 24 percent of respondents "might cancel" Netflix and 3 percent will "definitely cancel" in light of the price hike. Read more...
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