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Netflix to increase subscription cost for new users

by on23 April 2014 927 times

The popular service for streaming video and movie/TV series renting, Netflix, on Monday announced its financial results for the first quarter of 2014. According to the data, Netflix in this period achieved revenues amounting to $1 billion and received 4 million new subscribers. Now they have more than 48 million subscribers, which is still less than HBO's 130 million.

To maintain this level of income and pay all licenses for the displayed content and financed several original projects such as drama series House of Cards, Netflix has decided to very soon raise the price of their services. But the new higher price will be valid only for new users who are not yet subscribers to the service. They will pay a dollar or two higher than the current price, which is $7.99 per month.

In January, a similar increase in prices has been carried out in Ireland when the price for new users from the previous month increased from €6.99 to €7.99 per month. Existing customers can use the service at the old price for the next two years.

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Last modified on 23 April 2014
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