Netflix Raises Rates for New Subscribers, Boosting Stock Price
Last week Netflix announced it was raising its rates for new subscribers in the U.S., Canada and Latin America from $8.99 a month to $9.99. According to the Wall Street Journal, Netflix is increasing prices to cover the costs of content acquisitions and the investment in original programming. Rates for Netflix’s standard plan at $7.99 a month for one stream and premium plan at $11.99 for four streams at once will remain the same. Netflix made…
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