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Netflix raising prices for 58M US subscribers as costs rise

Netflix raising prices for 58M US subscribers as costs rise

5 years ago
Anonymous $Dftgs0JzgE

https://phys.org/news/2019-01-netflix-prices-58m-subscribers.html

The extra cash will help to pay for Netflix's huge investment in original shows and films and finance the heavy debt it has assumed to ward off rivals such as Amazon, Disney and AT&T.

While subscribers may bemoan a bigger monthly bill Wall Street cheered, sending shares up more than 6 percent in midday trading.