Netflix raises monthly subscription prices in U.S., Canada; market reacts – Reuters News Agency
Reuters exclusively reported that the world’s largest streaming service has raised its monthly subscription price by $1 to $2 per month in the United States depending on the plan to help pay for new programming to compete in the crowded streaming TV market. The standard plan, which allows for two simultaneous streams, now costs $15.49 per month, up from $13.99, in the United States. Prices also went up in Canada, where the standard plan climbed to C$16.49 from C$14.99.
Netflix’s shares surged 3% following the Reuters report.