Netflix raises subscription prices for most USA viewers

Some of the other news we've been tracking today

Many Netflix subscribers in the U.S. will soon have to pay a little more each month for streaming. The standard plan, which allows users to stream HD video on two screens simultaneously, will see an increase of $1 from $9.99 monthly to $10.99 monthly. The "premium" plan with four simultaneous streams and UHD/4K quality will go from $12 to $14. The prices are already in effect for new sign-ups and will be rolling out to existing customers later this month, Netflix said.

Netflix issued a brief statement, saying that pricing was adjusted to help add "more exclusive TV shows and movies" as well as introduce more product features. The plans, which offer consumers HD and either 2 or 4 screens at a time to watch, will change to $10.99 and $13.99. Netflix will notify existing subscribers by October 19 when the price will go up and will give at least 30 days notice before the new bill will need to be paid.

Ugh. Netflix is set to raise prices in the United States for the first time in three years. The company has committed $15.7 billion to streaming content deals - with $6 billion earmarked for 2017 alone.

NFLX stock was up 3% as of Thursday morning and is up 54% year-to-date.

In May of 2014 Netflix sent word out to it's subscribers that it was raising prices, something they had dropped hints about a month earlier.

Читайте также: Highest volcano in Bali likely to erupt soon

The standard plan, Netflix's most popular, allows subscribers to watch on 2 screens and in high def.

It's going to cost a little more each month to "Netflix & Chill".

As for investors, it seems they are pleased to see the price adjustment (for now). He predicted the upcoming price increase will generate an additional $650 million in revenue next year.

Stranger Things avoiding a sophomore slump in it's much- anticipated second season wouldn't hurt either.

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