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Netflix ups United States fees for first time since 2015

Shares in the global streaming pioneer rose as much as 4.5 per cent to a record high of $192.80

Supantha Mukherjee Aishwarya Venugopal & Laharee Chatterjee | Reuters 

Netflix’s US business announced the first rises in monthly fees in two years on Thursday, hiking costs for two of its three main subscription plans as it spends heavily on its own original content. The company’s mid-range plan, which allows streaming on two devices at the same time, was increased to $10.99 per month from $9.99. The top-tier plan, which allows streaming on four screens in high definition, was raised to $13.99 per month from $11.99. The basic plan fee remained at $7.99. Shares in the global streaming pioneer rose as much as 4.5 per cent to a record high of ...

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First Published: Sat, October 07 2017. 03:55 IST
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