“Netflix raises monthly price $1 to $9.99” is an article on CNN Money on October 8th. The article covers the reasons for the higher price of the network.
Netflix, the popular streaming TV service, is increasing the cost of their standard monthly plan from $8.99 to $9.99. Investors were excited about this, though some customers were not. Before learning of the new alterations of the price, Netflix stock was down. Post-announcement the stock raised up more than 6%.
I feel excited about this. Netflix may be raising their prices by $1 a month, but they will be expanding, therefore I think it is worth it. I enjoy Netflix and it’s a great source of relaxation, and it’s a chance to catch up on my favorite shows, and also start to watch new and different shows.
The dollar raise will affect new subscribers in the US, Latin America, and Canada, immediately. This will not affect a majority of existing subscribers. Netflix is a worldwide enjoyed network. I believe that it’s an all around source of greatness to everyone. Though Netflix can be consuming, majority enjoy it.