Welcome back to the golden days of television... Your home for Classic TV Shows, Theme Songs, DVDs & more!
The Classic TV Database
Classic TV Shows
Welcome to classic-tv.com!
Latest TV News

Netflix Announces Plan to Raise Prices

Date April 22, 2014

Netflix logo

Netflix CEO Reed Hastings says the company plans to raise its subscription prices by "one or two dollars" per month in the next few months, CNN Money reports.

The current monthly cost for Netflix's online streaming service is $7.99. In the first quarter of 2014, streaming subscriptions increased by 2.25 million people.

Get the scoop on 39 must-watch finales

"If we want to continue to expand, to do more great original content... we have to eventually increase prices a little bit," Hastings said on a conference call, according to CNN Money.

Netflix had a breakout year with original content in 2013, including the critically-acclaimed series House of Cards and Orange Is the New Black.

It's likely the price increase will coincide with the June 6 premiere of Orange Is the New Black's second season.

Hastings and Netflix's Chief Financial Officer David Wells also released a join statement speaking out against the proposed merger of Comcast and Time Warner Cable. "Comcast is already dominant enough to be able to capture unprecedented fees from... services such as Netflix," they wrote. "The combined company would possess even more anti-competitive leverage."

Would you be willing to pay more money for a Netflix subscription?

News is syndicated from TVGuide.com. © TV Guide | Classic-tv.com does not take credit for this content.