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Netflix Plans To Raise Prices By "$1 or $2 a Month" 202

Posted by timothy
from the testing-testing dept.
New submitter Burphytez (3625571) writes with this excerpt of a Reuters story, as carried by the Chicago Tribune: "Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers. Investors welcomed the announcement by Netflix, which had suffered from a consumer exodus and stock plunge after it announced an unpopular price increase in July 2011. The company's shares jumped 6.7 percent in after-hours trading to $371.97, after the company released plans for a price hike and posted a rise in first-quarter profit that beat Wall Street expectations."
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Netflix Plans To Raise Prices By "$1 or $2 a Month"

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I'd rather just believe that it's done by little elves running around.

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