Netflix Raising Subscription Prices By Double Digits; Stock Soars
Deadline -

Netflix is raising subscription prices by 13% to 18%, the steepest increases since the company began streaming video more than a decade ago.

The increases will take effect immediately for new subscribers and will be phased in over three months for existing subscribers. The move comes two days before the company releases quarterly earnings and during a period of momentum for its stock, which has gone up nearly 40% in 2018 to date.

Investors reacted positively to the news

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