![Netflix Raises Prices 60%; Cuts Level Of Service](http://townsquare.media/site/163/files/2011/07/98155523-300x199.jpg?w=980&q=75)
Netflix Raises Prices 60%; Cuts Level Of Service
Add Netflix to the list of companies that have decided to raise their prices and cut back on their service at the same time. Just like food companies that raise their prices while shrinking package size, Netflix has rolled out a new pricing tier that "unbundles" their DVD and streaming service. Customers who want to continue to get both types of service will have to sign up for two different packages -- all the while paying more for it.
...60% more to be exact!
Company spokespeople say that this will offer customers a "great value".
"By better reflecting the underlying costs and offering our lowest prices ever for unlimited DVD, we hope to provide a great value to our current and future DVD-by-mail members," Andy Rendich, chief service and operations officer for Netflix, said in the release.
More From KOOL 101.7
![Win $2500 To Choose Netflix’s “Most Bingeable” Shows? Here’s How To Sign Up](http://townsquare.media/site/163/files/2023/09/attachment-netflix-cover.jpg?w=980&q=75)
![A Popular Duluth Business Is Discontinuing Their DVD Selection](http://townsquare.media/site/164/files/2022/08/attachment-GettyImages-682601474.jpg?w=980&q=75)
![The Disney Plus Subscription Price Is Going Up](http://townsquare.media/site/442/files/2021/03/Disney-Plus-logo.jpg?w=980&q=75)
![My Disney+ First Day Experience Was Glitchy, But Offers Promise](http://townsquare.media/site/150/files/2019/11/GettyImages-1182127760.jpg?w=980&q=75)
![David Gilmour’s ‘Live at Pompeii’ Getting CD and Blu-ray Release](http://townsquare.media/site/295/files/2017/07/David-Gilmour-Live-at-Pompeii.jpg?w=980&q=75)
![“This Is The End” Becomes Fitting Last Rental For Last Blockbuster Store](http://townsquare.media/site/163/files/2013/11/blockbuster-logo.jpg?w=980&q=75)
![Netflix Now in Twenty Five Per Cent of All U.S. Homes](http://townsquare.media/site/163/files/2013/01/136615187.jpg?w=980&q=75)
![Bachman & Turner To Deliver New Live DVD](http://townsquare.media/site/163/files/2012/06/live_photo1-1.jpg?w=980&q=75)
![New DVD and Blu-ray Releases – June 2012](http://townsquare.media/site/163/files/2012/05/new-dvd-and-blu-ray-releases-june-2012.jpg?w=980&q=75)