Netflix is popping after reports of rising subscription prices (NFLX)
06 October, 2017, 00:46 | Author: Barbara Daniel
Netflix has already started raising the cost for new customers in the U.S. Netflix has raised the rates on two of their subscription plans, with the new rates going into effect for November. But its standard plan will now cost $11 a month, up from $10, and the premium tier will rise from $12 a month to $14. The price change will roll out to members over the course of the next several months. Is this just the cost of business and it's just $1-2 more per month so it's not a big deal?
Netflix is cheaper than many of its competitors despite the current price hike.
The company is scheduled to report quarterly earnings on October 16, which should offer a sense of its worldwide drive for subscriptions as well as any sign of a ceiling for US subscription levels.
The standard plan, Netflix's most popular, allows subscribers to watch on 2 screens and in high def.
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