Netflix is raising its prices for new users

Justin Sullivan/Getty Images

Netflix is raising its prices for new users
(Image credit: Justin Sullivan/Getty Images)

Netflix revealed Monday that it plans to increase prices for new subscribers at some point this quarter, or before July.

In a quarterly note to shareholders, Netflix CEO Reed Hastings said the plan is to raise U.S. prices by a dollar or two after a similar price hike in Ireland went smoothly. As of now, U.S. customers can stream unlimited movies and TV shows for $7.99 per month.

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Jon Terbush

Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.