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Netflix Will Soon Raise Streaming Rates for New Users
Netflix CEO Reed Hastings today stated in a letter to investors (pdf) that new Netflix streaming customers will be seeing a small rate increase very soon. "Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only," stated the CEO. According to Hastings, existing customers will be able to stay at their current rates for a "generous time period" (read: prepare for a rate hike next year). According to Hastings, the price hikes will allow Netflix to "acquire more content and deliver an even better streaming experience."

Most recommended from 69 comments



Nameless1
join:2014-02-25
Lexington, MA

8 recommendations

Nameless1

Member

Did anyone NOT expect this?

This is what you get when companies like Netflix have to start paying protection money to Comcast et al to upgrade their own damn networks.

Gee, that's a real nice business you've got there, it'd be a shame if something "happened" to it.