Netflix is planning to raise the price of its popular streaming service by as much as two dollars per month, according to statements in its first-quarter earnings filings.
Current subscribers would stay at the $7.99 price for a "generous time period," the company wrote in a statement to investors.
"Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only," the company wrote.
The news came as Netflix announced that it added 4 million new members in the first quarter of 2014, as the company beat revenue and profit expectations. The company now counts 48.4 million paid subscribers. Read more...
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