Netflix to Raise Prices for New Users

Tuesday, 22 April 2014 | by Pat's Picks

Three years after its disastrous price increase, Netflix is taking a more cautious approach as it looks to raise prices again. The New York Post says the streaming video service will hike the monthly fee for new users by $1 to $2. Current subscribers will continue to pay $7.99 a month for “a generous time period.” Netflix says price hikes will allow it to produce more original programming like “House of Cards and “Orange is the New Black.”

SOURCE: New York Post