Netflix plans price hike for its subscription plans

By Casey Johnston

Netflix

Netflix plans to raise its subscription prices by—wait for it—between one and two dollars, according to its letter to shareholders Monday. The price hike projection comes after Netflix raised prices for members in Ireland and saw “limited impact” on its subscriber numbers.

Netflix approached the increased rates in Ireland carefully. All existing members were grandfathered in at the old rate of €6.99 per month for two years starting in January, while all new members had to subscribe at €7.99 per month. The impact has not had time to play …read more

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