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."
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.
-
5 chilling cartoons about increasing ICE aggressionCartoons Artists take on respect for the law, the Fourth Amendment, and more
-
Political cartoons for January 24Cartoons Saturday's political cartoons include 3D chess, political distractions, and more
-
Ryanair/SpaceX: could Musk really buy the airline?Talking Point Irish budget carrier has become embroiled in unlikely feud with the world’s wealthiest man
-
‘One Battle After Another’ wins Critics Choice honorsSpeed Read Paul Thomas Anderson’s latest film, which stars Leonardo DiCaprio, won best picture at the 31st Critics Choice Awards
-
Son arrested over killing of Rob and Michele ReinerSpeed Read Nick, the 32-year-old son of Hollywood director Rob Reiner, has been booked for the murder of his parents
-
Rob Reiner, wife dead in ‘apparent homicide’speed read The Reiners, found in their Los Angeles home, ‘had injuries consistent with being stabbed’
-
Hungary’s Krasznahorkai wins Nobel for literatureSpeed Read László Krasznahorkai is the author of acclaimed novels like ‘The Melancholy of Resistance’ and ‘Satantango’
-
Primatologist Jane Goodall dies at 91Speed Read She rose to fame following her groundbreaking field research with chimpanzees
-
Florida erases rainbow crosswalk at Pulse nightclubSpeed Read The colorful crosswalk was outside the former LGBTQ nightclub where 49 people were killed in a 2016 shooting
-
Trump says Smithsonian too focused on slavery's illsSpeed Read The president would prefer the museum to highlight 'success,' 'brightness' and 'the future'
-
Trump to host Kennedy Honors for Kiss, StalloneSpeed Read Actor Sylvester Stallone and the glam-rock band Kiss were among those named as this year's inductees
