Netflix: We Knew It Wouldn’t Last, But a 60% Increase?

Netflix says it will increase by 60% it’s basic service. Where’s the Senate investigation on price gouging? (JK):

The Los Gatos, Calif., company said it will no longer offer a $9.99-a-month plan that allows members to stream an unlimited number of movies over the Internet and to rent one DVD at a time. In its place, Netflix subscribers will have to pay $15.98 a month for a plan that combines an existing $7.99-a-month streaming-only movie service with a new $7.99-a-month DVD-only rental plan that lets them check out one disc at a time.

Meantime, Eric the Great says Blockbuster has reduced the price of its rentals in order to compete with Red Box. Netflix, are you listening?

Tell ’em where you saw it. Http://