Netflix Will Raise Streaming Prices


Netflix will be raising prices for its streaming services for new members, the company announced today in its quarterly letter to shareholders. Existing Netflix subscribers would continue to pay the same amount they're currently paying for "a generous time period," with new subscribers paying a slightly higher rate. Netflix recently raised its prices in Ireland, from €6.99 to €7.99, with existing subscribers getting the lower rate for an additional two years. "Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only," the company said. But what is the true cost of holing up in one's home for days on end, somehow watching nine whole seasons of Scrubs?