Netflix is raising prices by $1-2 for new members. Thread.
Netflix is about to get more expensive, but only by a dollar or two. In his company's Q1 letter to shareholders, CEO Reed Hastings said, "Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only." Hastings then noted that existing customers will be able to stay at the $7.99 monthly rate "for generous time period." (The company says it experienced "limited impact" after it hiked prices for new members by $1 in Ireland.) Raising prices will allow Netflix "acquire more content and deliver an even better streaming experience," Hastings said.