Netflix Plans Price Raise as Streaming Subscribers Grow

Published on Monday, 21 April 2014 20:13 - Written by

Netflix said it intends to raise its subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers. Investors welcomed the announcement on Monday by the streaming service, which had suffered from a consumer exodus and stock plunge after it announced an unpopular price increase in July 2011. Economist Max Wolff: