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.
