Hot on the heals of the announcement of the death of HD-DVDs, Netflix has now announced that they are quickly phasing out their inventory in favor of Blu-Ray. The problem? They're finding it to not be as cost effective, which could mean higher rates for all of us.
Netflix's recent press release announced that they will be phasing out HD-DVDs by the year's end. And, a recent interview with their CFO, Barry McCarthy, uncovers that the current selection of 400 Blu-Ray movies will soon reach over 1,500.
McCarthy also revealed that this may mean a price hike for Netflix subscribers, stating that the switch to Blu-Ray is going to increase costs. As a subscriber who doesn't rent HD content, we hope that this is a price increase targeted at HD users, rather than making everyone suffer.