Netflix Price Drop
Now the plan that used to be $17.99 per month is $16.99, allowing you unlimited rentals of three at a time. Likewise, the unlimited single DVD plan dropped from $9.99 to $8.99. I prefer the former to the latter because I do a lot of movie watching (who needs cable when you have an unlimited supply of DVDs, HD DVDs, and Blu-ray Discs?) Earlier this year, Netflix had dropped two less popular plans $1 as well to $14.99 and $5.99.
This comes on the heals of a report today by Netflix that they’ve had their first ever drop in subscriptions and have lowered their subscriber, revenue and profit forecasts for this year. (To be fair, Netflix dropped the prices before the report, but I didn’t log on until today – of course Netflix probably knew of the report in advance.) It seems as if Blockbuster is putting the pressure on.
In other news, I still have over 420 movies in my queue.