Netflix raising prices
Netflix is raising prices in the United States.
All three of the company’s plans will increase in price by $1-$2.
The standard $11 plan, for example, will increase to $13 per month.
The price hikes will be applied to all existing members over the next few months. New members will be charged the new price immediately.
Its $8 plan will go up to $9 and it’s $14 plan will go up to $16 a month.
Netflix stock spiked 6% at market open.
Netflix has been spending billions on new content — at least $8 billion last year, based on the company’s own expectations from 2017.
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