Late last month we reported that video streaming company Netflix was planning to raise the price of its monthly subscription service by up to $2—but that existing customers would enjoy the current rate of $8 for what Netflix described as a "generous" period of time.
Well, today Netflix jacked prices up as expected, but there's two pieces of good news. The first is that in Canada, the price only went up by $1 (in Europe, for example, it went up by one euro, which is roughly a 50% steeper increase). The second is that existing customers will stay at their current rate for not one, but two years.
Check out Netflix's email to users:
In order to continue adding more movies and TV shows, we are increasing our price from $7.99 to $8.99 for new members. As a thank you for being a member of Netflix already, we guarantee your plan and price (excluding tax) will not change for two years.