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Netflix Offers New Streaming-Only Subscription

by Jeff Cork on Nov 22, 2010 at 03:49 AM

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All three consoles now offer Netflix streaming, which allows users to watch movies and TV shows at their convenience. That's great if you're a subscriber, but not everyone has taken the plunge. The company has announced a new subscription level that may attract some of the holdouts.

Jessie Becker, vice president of marketing for the company, revealed the news on the Netflix blog. The new plan is $7.99, and it gives users access to streaming video but not rentals of physical media. He added that existing subscribers will see a $1 monthly price increase starting now.

"Why the changes?" Becker wrote. "Our selection of TV episodes and movies available to stream has grown dramatically, and as a result most members want us to deliver unlimited TV episodes and movies two ways: streaming instantly over the internet plus DVDs by mail. The price increase will allow us to continue to offer the popular plan choice of unlimited TV episodes and movies streaming instantly along with unlimited DVDs. The new plan, which does not include DVDs, is a great option for the increasing number of members who only want to watch instantly. The $7.99 a month price reflects no DVD shipping costs on this plan."

So there you have it. For about $8 a month you can take advantage of Netflix's streaming video without worrying about misplacing those pesky red envelopes,