Netflix Backlash: Subscribers Not Happy About Price Hike
Netflix Backlash: Subscribers Not Happy About Price Hike
POSTED: Thursday, July 21, 2011 - 7:46am  UPDATED: Thursday,
July 21, 2011 - 4:44pm  More than 23 million subscribers either
rent dvds or streaming movies and tv shows from Netflix and news
of a price hike has not gone over well.  Unhappy Netflix
customers wasted little time venting online after the company's
announcement last week that the price for its combined dvd and
streaming service would go from 9.99 a month to 15.98 on
september 1st.  Dan Ackerman from said users wasted no time
posting to their social media accounts, "You have Facebook, you
have Twitter, you have other social networking sites, so it's
more than just people complaining around the water cooler" he
said and added, "Any time you take a service that people are
used to and you raise the price more than a dollar or two, you
make it a significant increase, people are going to basically
freak out."  There's no way to know yet how