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As a lot of you may know, Netflix recently announced that the prices are going to go up. For unlimited streaming you will pay $7.99, and same for unlimited DVD rentals. If you want unlimited both, you will have to pay $15.98.
A lot of you are thinking, "WTF NETFLIX?!?" Well here is what they are doing. Netflix over the years has been putting many DVD rental businesses out of business. They thought, "Let's make our prices really low, so that way people will forget DVD rentals, and come to us." Now with those companies out of the way, Netflix can raise it's prices. It is believed in the next few years prices may double or even triple what they are now. There will be other companies that do the same thing, such as Hulu.
There is your explanation Hope it cleared up some confusion as to why they felt it was necessary to almost double their prices. Do you think this is fair?
I'm not going to sit here trying to explain to you why. How do we know that gas prices are going to rise or go down? How do we know the older iPhone models will go down in price?