Netflix Announces Family Plan With 4 Simultaneous Streams For $12 Per Month

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Netflix's CEO knows his stuff.
Netflix's CEO knows his stuff.

Netflix has announced a new family plan that will allow an account holder to have four simultaneous streams. The plan will cost $12 per month. A specific launch date for the plan has not been announced, but Netflix revealed the news in a letter to shareholders today.

“A few members with large families run into our 2-simultaneous-stream limit,” according to Netflix. “To best serve these members, we’re shortly adding a 4-stream plan, at $11.99 in the U.S., and we expect fewer than 1% of members to take it.”

While it’s possible to give an unlimited number of people your Netflix password, existing plans only allow for one video stream at a time.

Another fun tidbit about Netflix is that the service just surpassed HBO in size. Netflix had 29.17 million U.S. subscribers in the first quarter of 2013, and HBO ended 2012 with 28.7 million U.S. subscribers.

Source: Netflix

Via: Ars Technica