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Best Reactions to Netflix's Price Hike

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For a while now, BitTorrent claims a commanding share of all web traffic -- dwarfing the likes of Hulu and Netflix. But after yesterday's announcement, it looks like Netflix may give BitTorrent a little extra traffic.

The popular online rental house announced a new pricing structure that will begin September 1 of this year. Under these new payment options, customers will no longer be able to stream unlimited video and rent unlimited DVDs one at a time for the current $9.99 a month. Instead, those options are separated into two different plans: unlimited streaming for $7.99 per month and unlimited DVDs (one at a time) for $7.99 per month -- for a combined total of $15.98.

In a month and a half, customers will have to pay 60% more to enjoy their current services.

But despite the waning interest in DVDs and other physical media, subscribers are up in arms over the price hike -- taking their virtual torches and pitchforks to official Netflix blog and Twitter and Facebook alike. Many are threatening to switch to the dollar-per-disc Redbox machines and cancel their subscription altogether. Others remain more level-headed, regard technology's progression in the next few years, and have decided to forgo the DVD option.

GigaOm's Is Netflix's Streaming Data Seriously Flawed? and Hulu and Netflix Numbers Dwarfed by BitTorrent)

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