Netflix to Raise Prices for New Customers
Twin Design / Shutterstock.com
The streaming video service announced it would raise prices by one or two dollars for new customers only, however existing subscribers will likely see their bills match newcomers at some point in the future.
The company currently charges $7.99 a month for streaming to up to two devices at a time.
The news comes as Netflix looks to better compete with rival services from Amazon, HBO and others. Bidding wars with competitors drives up the cost of content, and Netflix has also had to contend with reduced net neutrality. In a controversial move, the company agreed to pay a tax of sorts to broadband Internet provider Comcast in order to ensure steady streams.
Netflix currently has 48 million subscribers, and, along with other streaming services, accounts for half of Internet traffic.
— Posted by Peter Z. Scheer
Wait, before you go…If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
Support Truthdig
Labor
Workers at the New York Times stopped working to demand better pay and labor rights—but only for a day.
Labor
With so many workers gone, Twitter is worth only a fraction of the nearly $44 billion Musk paid for it.
Politics
More disciplined reporting would benefit the American people.
Media
The lawsuits allege the media-based provocateurs smeared election officials, local government workers, and ordinary voters.
Business & Economy
Misinformation and distrust in government lead to apathy and a weakening of democracy.
There are currently no responses to this article.
Be the first to respond.