toggle

AAPL Stock: 126.6 ( + 1.17 )

Printed from http://www.macnn.com

Netflix increases subscription rates for new customers globally

updated 05:43 am EDT, Fri May 9, 2014

E-mails sent to existing Netflix subscribers advising of price freeze

Netflix has started to raise its subscription rates, just as it previously hinted during its recent financial results. After an initial test increase in Ireland, the video streaming service has started to send out e-mails to customers about the increase, which will be affecting new subscribers only, while existing users will continue to receive the service at its current price for the immediate future.

An e-mail received by Electronista this morning notes that in the United Kingdom the price has risen from £5.99 to £6.99 ($10.14 to $11.84) per month, with the justification that it is "in order to continue adding more films and TV programs." The message also guarantees the plan and price "will not change for two years." Engadget reports that similar e-mails in Europe involve a rise of 1 euro ($1.38) per month, while US subscribers are receiving notifications their service will go up to $8.99 per month, also with the two-year grace period.

E-mail sent to Netflix subscribers in the United Kingdom
E-mail sent to Netflix subscribers in the United Kingdom


In its last quarterly financial report, the company revealed it had 46.1 million paying members, with 35.7 million residing in the United States. Revenues for the quarter reached $1.27 billion, giving Netflix a net income of $53 million.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. Grendelmon

    Mac Enthusiast

    Joined: 12-26-07

    Thanks, Comcast. A$$holes.

  1. Stuke

    Forum Regular

    Joined: 02-11-05

    Agreed!

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, w ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look goo ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

toggle

Most Commented