Netflix is raising its prices for new users
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.
If you're an existing Netflix customer, don't worry — at least not yet. Hastings added in his letter that customers will stay at their current rate for a "generous time period."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
5 category 5 cartoons about hurricane Helene
Artists take on precarious conditions, planning ahead, and more
By The Week US Published
-
Wolfs: 'comedy thriller' stumbles despite George Clooney and Brad Pitt
While the crime caper might 'pleasingly pass a Saturday night' its star-studded duo cannot ultimately salvage it
By The Week UK Published
-
The death of Hassan Nasrallah
In the Spotlight The killing of Hezbollah's leader is 'seismic event' in the conflict igniting in the Middle East
By The Week UK Published
-
OJ Simpson, star athlete tried for murder, dead at 76
Speed Read The former football hero and murder suspect lost his battle with cancer
By Rafi Schwartz, The Week US Published
-
Momofuku's 'Chili Crunch' trademark uproar
Speed Read The company's attempt to own the sole rights has prompted backlash
By Rafi Schwartz, The Week US Published
-
Kevin Hart awarded Mark Twain Prize
Speed Read He is the 25th recipient of the prestigious comedy prize
By Peter Weber, The Week US Published
-
Is Downton Abbey set to return for a final film?
Speed Read Imelda Staunton reveals that a third movie may be in the pipeline
By Adrienne Wyper, The Week UK Published
-
'Oppenheimer' sweeps Oscars with 7 wins
speed read The film won best picture, best director (Christopher Nolan) and best actor (Cillian Murphy)
By Peter Weber, The Week US Published
-
'Rust' armorer convicted of manslaughter
speed read The film's cinematographer Halyna Hutchins was shot and killed by actor Alec Baldwin during rehearsal
By Peter Weber, The Week US Published
-
The Beatles are getting 4 intersecting biopics
Speed Read Director Sam Mendes is making four separate movies, each told from the perspective of one band member
By Peter Weber, The Week US Published
-
Taylor Swift to Miley Cyrus: female artists dominate 2024 Grammys
Speed Read SZA, Phoebe Bridgers and Lainey Wilson were also among the winners at LA gala
By Arion McNicoll, The Week UK Published