The average movie ticket is probably somewhere in the range of $10, which gets you roughly two hours of entertainment (unless it’s a Johnny Depp movie, in which you get two hours of restlessness and boredom), or roughly $5 per hour of entertainment. Most of us barely blink an eye at that, and many of us compound the price by adding $8-$15 of concessions.
And yet, when Netflix threatens to raise its price by a dollar or two, the Internet loses its collective sh*t. But that’s exactly what the streaming service is set to do, but only for new members. At least for now. Old members will be grandfathered in to their old subscription prices, but only for a year or two, at which point we’ll have to pony up $9 or $10 instead of $8 a month.
How much value is in a Netflix subscription? According to a report in 2012, the average person watches 8 hours of Netflix per week, which comes out to roughly 35 hours per month (and this was before Netflix Original Series prompted us to watch 12 hours in a weekend). For a $9 subscription fee, that means we’re paying about $.25 per hour of entertainment, and chances are, we’re watching something better on Netflix than we pay twenty times more to see on the big screen, and we can watch it practically anywhere on our phones, on our iPads, on our desktops, and in our pajamas.
That is f**king steal.