Netflix Discovers Blockbuster, You Discover $1
With the reductions announced Sunday, Netflix will charge $16.99 per month for subscribers who keep up to three DVDs at a time with no limit on how frequently the discs are mailed back in return for another movie. The price to keep one DVD at a time will fall to $8.99 per month.
The price cuts, which take effect Tuesday, match Blockbuster's fees for similar online services.
Earlier this year, Netflix knocked $1 off two other plans that had cost $14.99 and $5.99 per month.