Netflix raises subscription prices for most United States viewers

Netflix raises subscription prices for most United States viewers”

Shares of Netflix hit a new all-time high on news of the price hikes, climbing more than 4% and peaking at $192.80 per share in Thursday morning trading.

Netflix Stock jumped by almost 5 percent to $193.58 after the company announced increase in subscription rates.

The price for the basic plan, which limits viewing to one screen and standard definition, will stay put at $7.99. Streaming was originally an added bonus for DVD subscribers at no extra cost.

Commenting on stock performance, Rob Sanderson analyst at MKM Partners said, "Most investors believe that Netflix is priced well below its value to consumers and want to see the management continue to increase monetization". The premium plan, which is now priced at $12 for 4K and streaming on four screens simultaneously, will cost $14 (a $2 increase). The lowest-cost plan, at $7.99, which doesn't include HD and does not allow for simultaneous streaming, will not increase in price.

The company's mid-range plan, which allows streaming on two devices at the same time, was increased to $10.99 per month from $9.99.

Us too! But it's about to get a little bit more expensive to enjoy the streaming antics of those supernatural-adventure-seeking kiddos.

Most of the subscriber growth came from outside the USA, where Netflix has invested heavily in establishing itself as a global television service.

Netflix's latest price increases will roll out to US subscribers over the next couple of months, and be fully in place in December.

In a statement, Netflix said that the price increases are necessary to improve their offerings. This price hike also means Hulu's new commercial-free plan is just $1 more a month and will have most of the Fox shows that are being pulled this month.

Like this


06 October 2017
Americans Are More Divided On Gun Control Than Gay Marriage Or Abortion
Which definition would those who drafted the Second Amendment follow? I believe that would be called our National Guard. Well, over 33,000 Americans are killed by guns every single year , right under his useless nose.

06 October 2017
'Destiny 2' Xur sells the Vigilance Wing rifle and more!
That key perk of boosting healing and speed when allies die mean you'll nearly constantly benefit from others dying around you. This also grants the wielder health regeneration and increased movement speed when a nearby ally is killed.

06 October 2017
Commission finds United States makers of washers harmed by S. Korean imports
The conglomerate, which is building a washing machine plant in Tennessee, said the move could also jeopardize USA investment and jobs.

06 October 2017
Trump Administration Poised to Roll Back Federal Birth Control Coverage Mandate
The new rules will go into effect after they are published on the Federal Register, according to the Times . It improves maternal mortality".

06 October 2017
The missing bones of Santa Claus may have been discovered in Turkey
Nicholas' birth. "The document also says that the bones that were taken to Bari were actually of some priest". Scholars will now access the temple beneath the church to determine if the body belongs to Saint Nicholas.

06 October 2017
Contravir Pharmaceut (CTRV): Stock to Follow
Shifting focus to some additional indicators, Salim Ivomas Pratama Tbk (SIMP.JK) now has a 14 day Williams %R of -25.00. By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with HIGH volatility.

06 October 2017
Digging Through Viking Therapeutics, Inc. (NASDAQ:VKTX) Technicals
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. With that said, researchers took a deep dive into the hotly debated question: is it too late to buy Viking Therapeutics, Inc .

06 October 2017
Analysts Alert: Eldorado Gold Corp (EGO)
Its minimum price target estimates has been figured out at $2.25 while the maximum price target forecast is established at $4.46. Now the stock price is moving -43.22% off from the highest level of twelve months and 25.42% above from twelve months low.

06 October 2017
Global Automotive Relay Market Key analysis,Insights and Forecast upto 2022
This report focuses on the Smart Card in a global market, to categorize the market based on key players , type, application . Analysis of improving business sections as well as a comprehensive study of existing Smart Thermostats market segments.

06 October 2017
Puerto Rico law students coming to finish their studies
The money will go towards up to seven months of what's termed "high-cost support" infrastructure to provide service to customers. The FCC will tap $76.9 million from the universal service fund (USF) for hurricane relief in Puerto Rico and the U.S.