Netflix is Being Really Generous to Canadians in Regards to Its Price Increase

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.


SEE ALSO: A Guide for Canadians to Legally Enjoy Content from US Netflix


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.

Los Gatos, California, United States

With more than 15 million members, Netflix, Inc. [Nasdaq: NFLX] is the world’s largest subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. For $8.99 a month, Netflix members can instantly watch unlimited TV episodes and movies streamed to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. With Netflix, there are... more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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