Netflix Announces $12-a-month Plan, Allows Up to 4 Video Streams

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At $7.99/month, the Netflix streaming subscription is a good deal for those who've ditched cable or satellite service. An unspoken perk is subscribers can split and share the cost of their accounts with roommates or family members, since currently the service permits 2 simultaneous streams to accessed at the same time. Now you'll be able to double the amount of users for about $4 more...

Alongside a quarterly report with plenty of interesting facts and figures of their business, Netflix announced plans to add an $11.99/month service permitting up to four separate users to share streaming content at once. That means in theory, you and three of your apartment neighbors, friends, or roommates could split the cost of a Netflix account for a paltry $3 a month, and all watch different programming at the same time theoretically from anywhere. 

That's awfully tempting for those looking to delve into their acclaimed show, House of Cards, or return to the nutty world of the Bluths when cult comedy series Arrested Development returns as a Netflix exclusive late next month. Netflix believes less than 1% subscribers will move to this 4-stream plan, but there's a good chance they could see a bump in new subscribers joining as a group tempted by the math of a good deal.

Now to round up three other friends...ahem...roommates to split a new subscription!

Via Wired Gadget Lab

(Image: Gregory Han)