Citing higher purchasing costs, Netflix has announced that it will raise fees for those who rent Blu-Ray DVDs through the popular on-line rental website.
In a first quarter earnings conference call yesterday, Netflix CEO Reed Hastings said, ‘because of the higher cost of Blu-ray and the consumer expectations around high-def content, we are planning on implementing a modest monthly premium for access to Blu-ray some time this year.’
No word on how much the premium will be.
SUCKERS! HD-DVD is 40% everywhere, enjoy your blu-ray you n00bs! LOL