Tuesday, April 22, 2014

Netflix is raising prices for new members

Tuesday, April 22, 2014

Chris Welch / The Verge:


Netflix is about to get more expensive, but only by a dollar or two. In his company's Q1 letter to shareholders, CEO Reed Hastings said, "Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only." Hastings then noted that existing customers will be able to stay at current monthly rates (e.g. $7.99 in the US) for a "generous" period of time. "I don’t think it’s a huge difference," he said of the price change during Netflix's afternoon earnings call.

                                                                                                                                     
 

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