Netflix Is Raising Prices For US Subscribers

08 October, 2017, 01:08 | Author: Terri Saunders
  • Netflix Is Raising Prices For US Subscribers

Patterson maintained his outperform rating on Netflix and his $205 12-month price target.

The company said the price change is reflective of its increased offerings.

Prepare to pay more for that Netflix fix. Those on the other two tiers will have to bear with a $1-$2 price hike starting October 19.

Wedbush's Michael Pachter, who is bearish on Netflix, said he doesn't expect the hike to push subscribers away, but thinks attracting new subscribers will be more hard and expects net adds to be down year-over-year in 2018.

Shares of the Silicon Valley-based company jumped more than four percent to $192.44 in trading following news of the relatively small price hike. Users will have 30 days to accept the new rate, change their plans or cancel the service. The lower-tier plan, which allows for only SD streaming, stays where it is at $7.99 per month. The basic, non-HD UK subscription will remain at the current price of £5.99. The company is spending around $6 billion on programming this year, projected to rise to $7 billion in 2017.

Vegas shooter Paddock scouted Fenway Park
ABC News reports that there is no indication that Paddock traveled to Boston despite internet search for hotels near Fenway Park. Fenway Park gates for Game 3 of the ALDS between the Red Sox and Astros open at 12:38 p.m., exactly two hours before game time.


Last year, Netflix raised its standard HD plan to $9.99 per month, up from $8.99.

Reports indicate that the standard Netflix subscription, which is currently priced in at $9.99 per month is going to go up by a dollar and will now cost $10.99.

Bombardier Inc. accused the Trump administration of overreach by siding with Boeing in its bid to shut the CSeries commercial jet from the world's largest airline market by effectively quadrupling the price of any of the planes sold in the United States. In 2011, they offered a DVD and streaming service for under $10.

Pachter thinks Netflix's price increases would be more likely to dissuade potential new subscribers, and that Amazon and Hulu may draw those customers to their services instead. "I don't think we'll see an immediate impact (on Netflix subscriber numbers), but this could affect subscriber growth in the first or second quarters (next year) for Netflix". So there's that, T-Mobile's Netflix On Us promotion will still be available even with Netflix's prices increasing.

Recommended:

  • Danish police find missing body parts of Swedish journalist Kim Wall

    Danish police find missing body parts of Swedish journalist Kim Wall

    The inventor said he panicked and thought about suicide before deciding instead to dump her body at sea and sink the submarine. The findings were made about a kilometer from where her torso was found on August 21 after it washed ashore in Copenhagen .
    Egypt welcomes lifting of USA  sanctions on Sudan

    Egypt welcomes lifting of USA sanctions on Sudan

    The United States permanently lifted trade sanctions against Sudan on Friday , the State Department announced. Sanctions on Sudan were temporarily eased under the presidency of Barack Obama.
    Russian airstrikes kill ISIS warlords, dozens of militants in Syria - MoD

    Russian airstrikes kill ISIS warlords, dozens of militants in Syria - MoD

    Three children and three women were among those killed, the group said Friday, blaming IS for the attack. Meanwhile, activists said the IS is calling for backup to fend off the army offensive on Mayadeen.
  • Google launches a line of products at Pixel 2 event

    However, it has been confirmed now as it is written clearly in the footnotes of the Pixel 2 listing on Google store. Google recently unveiled its next generation of devices, including new phones, home assistants and a new laptop.
    Newcastle star Christian Atsu still not in Black Stars camp in Kenya

    Newcastle star Christian Atsu still not in Black Stars camp in Kenya

    The Ghana squad includes debutants Kingsley Sarfo of Swedish side Malmo, USA-based Abass Mohammed, Kasim Nuhu of Swiss club Young Boys, Hearts of Oak defender Vincent Atinga and Inter Allies ace Isaac Twum.
    President Trump looms large over Virginia governor's race

    President Trump looms large over Virginia governor's race

    Only 20 percent of the Republican's TV ads mentioning MS-13 or illegal immigration aired in the Washington, D.C., metro area. Virginia has elected only one Republican governor since 1997 and has gone blue in every presidential election since 2008.
  • Authorities suggest Vegas gunman was plotting car bombing, more attacks

    Authorities suggest Vegas gunman was plotting car bombing, more attacks

    As for what motivated the actions of his brother , Eric Paddock said he and his family are "still just completely befuddled". Still, the sister left open the possibility that Danley could provide information helpful to investigators.
    California law creates 1st 'sanctuary state' for illegal immigrants

    California law creates 1st 'sanctuary state' for illegal immigrants

    The California Values Act passed last month in the state Legislature and was signed by the governor among a package of 11 bills. California has more than 2 million undocumented immigrants , according to the Public Policy Institute of California .

    Bombardier Hit With More Tariffs

    But whether or not Bombardier's jets will face import duties of 300 percent, Boeing may have lost a major sale in Canada . The punitive tariffs will now have to be approved by the US International Trade Commission (ITC) early next year.
  • Pakistan remove Dinesh Chandimal, pick fourth wicket against Sri Lanka

    Pakistan remove Dinesh Chandimal, pick fourth wicket against Sri Lanka

    It can be considered as a bad day which cost Pakistan the first Test; not even that, those match was in the bad sessions. Sri Lanka ended day one on 254/3 and will continue batting on Saturday at 15:30 local time or 11:30 GMT.
    Dunne leads the way ahead of Dunhill second round

    Dunne leads the way ahead of Dunhill second round

    And after Friday's performance, when he plays his first Open Championship as a dad next summer, it might be wise to place a few pounds on him.

    2000 mining licenses in Saudi Arabia worth $66 billion

    An MOU was also signed with LITASCO, the Swiss-based worldwide and marketing arm of Lukoil, one of Russia's largest oil companies. Among the elements of the MoU are LNG trade, LNG value chain and exploration / development as well as product storing.


Popular

Iowa State QB Jacob Park on personal leave with 'medical concerns'
Kempt is a redshirt senior quarterback who got the start because starter Jacob Park took a leave of absence from the team. The Sooners moved 72 yards on 11 plays in their second series , scoring on a 15-yard Mayfield to CeeDee Lamb pass.

I'm in the best form of my career, says Kane
In an England shirt, surrounded by players of similar mediocrity, their limitations become all too apparent. Both teams can still qualify from that group, as can Turkey and Iceland who are playing each other.

The Lenovo Anniversary ThinkPad is official and it's gorgeous
We usually stay clear of calling a device "iconic" but the Thinkpad has very much earned that title over the years. A special versioned Thinkpad which reminisces the original ThinkPad first launched 25 years ago.

Reed Stands by Second Amendment in Wake of Las Vegas Shootings
It's not true that 40 percent of gun owners buy without a background check; the real number is closer to one-fifth. The guns are responsible for the killing, and so we have to eliminate guns everywhere we can in the United States.

European Union pivots east as free trade deal with United States stalls
Earlier in the day, the duo called on Prime Minister Narendra Modi and held delegation level talks to improve India-EU ties. It said they were also looking forward to a resumption of exercises between European Union and Indian naval ships.

Bale Absence Felt In Wales Win Over Georgia
WALES must prove they are no one-man team in order to reach their first World Cup finals since 1958. And with the home crowd behind us in Cardiff on Monday night, there's only one conclusion.

Russia: At least 19 killed in train-bus collision near Vladimir city
According to preliminary information, the bus got stuck in a railway crossing because of a technical malfunction. The bus is believed to have been filled with workers from Uzbekistan.

Argentina misses world cup for the first time in 48 years
Argentina are level on points with fifth place Peru and just a point behind third-place Chile and fourth place Colombia . Brazil have been on fire and they top the group with 38 points, having secured qualification some six months ago.

No Guarantees Nigeria Will Beat Zambia, Says Moses
Zambia have introduced some of the African youth championship-winning team with good effect. Injuries to key players has put more pressure on Egypt's Argentine coach Hector Cuper.

Samsung HMD Odyssey VR headset is here to challenge the Rift
Or titles now available in market can give you a 1400 x 1400 display resolution and a 95 degree viewing angle per eye. So not only Samsung has followed the specs that were referenced by Microsoft, but they have also exceeded them.