Netflix prices to go up for new and current subscribers

Miley Cyrus Jimmy fallon The Climb

Do you want more original TV series and movies from Netflix soon?

Netflix Inc's United States business announced the first rises in monthly fees in two years on Thursday, hiking costs for two of its three main subscription plans as it spends heavily on its own original content.

According to Bloomberg, trading of Netflix shares surged following Thursday's news, signaling confidence from investors that the company will continue to grow even with the price hike. The basic plan will remain unchanged at $7.99 a month.

The price increases come after Netflix this year already raised prices in Australia, Brazil and Canada. Current subscribers will be notified starting on October 19, and then will become effective at the start of their next bill cycle.

DOJ lays out Trump admin's guidelines for religious liberties protections
He outlined as examples that religious entities may not be excluded from secular aid programs-in reference to the June U.S. Critics said the guidance could result in LGBT individuals, women or others facing discrimination in federal programs.

On Oct. 19, Netflix is set to announce the changes to their subscribers, and they will start reaching out to customers individually to let them know when exactly their bills will increase.

Mitchelson said the price increases represent a roughly 10% effective increase to ARPU.

Netflix's price increases always spark controversy and complaints. Over the next year, the company expects to spend $7 billion on original material to stream.

And considering the brilliant content Netflix have released over the last few years, the increase is unlikely to faze many subscribers who are content to pay more for great quality entertainment. "However, we believe the other view must also be weighed - did something change to force Netflix to play defense?" "We think that Netflix is destined to be a cash-burning, high-growth company until it changes its strategy and accepts its fate as a highly profitable slow-growth company". The standard tier, as previously mentioned, gets a $1 increase. This is the cheapest option, and is now not subject to the price increases.

Related News:

  • Simona Halep defeated Shaparova for the first time în her career

    Simona Halep defeated Shaparova for the first time în her career

    In the quarter-finals, she meets the victor between 11th-seeded Agnieszka Radwanska of Poland and Russian Daria Kasatkina. After not playing Maria Sharapova in two years, Simona Halep played against the Russian for the second time in six weeks.
    Gareth Southgate should switch England to a three-man defence

    Gareth Southgate should switch England to a three-man defence

    Despite this, it's been a lacklustre campaign for the Three Lions so far and they will look for an emphatic win against a minnow. Joshua Kimmich then added a third on 86 minutes, while Josh Magennis grabbed an injury-time consolation for the hosts.
    Get Republic of Ireland at a massive 16/1 to beat Moldova

    Get Republic of Ireland at a massive 16/1 to beat Moldova

    The Republic of Ireland's chances at featuring in the next World Cup seem slim, now third with 13 points in Group D. Ireland will be confident of beating a Moldova side who have only picked up two points during the whole campaign.
  • Danish police find sunken head, legs of missing journalist Kim Wall

    Danish police find sunken head, legs of missing journalist Kim Wall

    Madsen has insisted there was no sexual relationship between him and Wall, and that their contacts had been professional. Peter Madsen , a Danish submarine enthusiast has been charged with her murder but is denying the charges.
    Iowa State at Oklahoma

    Iowa State at Oklahoma

    To say Campbell's chances of pulling off a win in this one were slim would be one of the biggest understatements of the season. Through four games, Park has led the Cyclones to a 2-2 (0-1 Big 12) record , throwing for 1,181 yards and nine touchdowns.
    India wins toss, elects to bowl first, watch videos

    India wins toss, elects to bowl first, watch videos

    Indian bowler Bhuvneshwar Kumar was on fire as he dismissed Australian captain David Warner in the first over of the game. India has chosen to play Shikhar Dhawan instead of Ajinkya Rahane and Axar Patel will make way for Kuldeep Yadav.
  • Google Is Using Balloons to Restore Phone Service in Puerto Rico

    Google Is Using Balloons to Restore Phone Service in Puerto Rico

    It last deployed the balloons to provide emergency phone service in Peru after a flood displaced thousands of people in March . When it hit, it was almost a category 5 storm, and pummeled the island with gusts and rains for more than 30 hours.
    Egypt welcomes lifting of U.S.  sanctions on Sudan

    Egypt welcomes lifting of U.S. sanctions on Sudan

    Sudan's President Omar al-Bashir remains wanted by the International Criminal Court for alleged war crimes. Officials also said they asked for and got a commitment from Sudan not to purchase arms from Pyongyang.
    Anti-dumping duties against Bombardier for CSeries expected today

    Anti-dumping duties against Bombardier for CSeries expected today

    The firm order for 75 aircraft had a list price of US$5.6 billion, although large orders typically secure steep discounts. The government of Quebec, for its part, asserts that the amounts paid to Bombardier are investments and not subsidies.
  • At Least Nineteen Killed When Train Collides with Bus in Russian Federation

    At Least Nineteen Killed When Train Collides with Bus in Russian Federation

    Uzbekistan's foreign ministry said 58 people were on the bus - 56 from Uzebkistan and two Kazakh drivers. She declared: "People inside the bus were sleeping, there were 50 of them".

    Samsung Comes To VR World with their Out of this World Odyssey

    These headsets offer Virtual Reality experiences - not what the industry would consider Mixed Reality (e.g., the Hololens). Augmented reality, or AR, projects digital images into real-life scenes usually viewed through a camera lens.
    Virgin Money Holdings (UK) PLC 25.7% Potential Upside Indicated by Barclays Capital

    Virgin Money Holdings (UK) PLC 25.7% Potential Upside Indicated by Barclays Capital

    One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. Its up 0.13, from 0.87 in 2017Q1. 251.19 million shares or 0.39% more from 250.21 million shares in 2017Q1 were reported.


Most liked

Auto hits crowd near London museum, many injured
The BBC reported the incident happened near the Natural History Museum in London and involved a driver that hit pedestrians. THE organiser of Wemsfest has told of the aftermath of the incident at the Natural History Museum in London earlier today.

United States rout Panama, inch closer to WC berth
Right now soccer is growing at a rapid pace and the World Cup will be a great opportunity to speed up the growth even more . Panama worked the ball well from left to right before Gabriel Torres rifled a shot that the veteran netminder pushed away.

Puigdemont: Spanish king ignored millions of Catalans
Catalan officials say the poll, which Spain insists was illegal and invalid, shows that a majority who voted favour secession. But Puigdemont called for an worldwide arbiter to mediate the crisis, ideally the European Union.