Reuters Exclusive Reports Netflix Is Raising Prices For Monthly Subscriptions In The U.S. And Canada; the market reacts

Entertainment and lifestyle

Reuters exclusively reported that the world’s largest streaming service has raised its monthly subscription price by $1 to $2 per month in the United States based on the new show payment relief plan to compete in the crowded TV market in streaming. The standard plan, which allows two simultaneous streams, now costs $15.49 per month, compared to $13.99 in the US. Prices have also increased in Canada, where the standard plan has gone from C$14.99 to C$16.49.

Market Impact

Shares of Netflix jumped 3% following the Reuters report.

Article tags

Topics of interest: Entertainment and lifestyle

Type: Best Reuters

Sectors: Shares

Regions: Americas

Types of victory: Exclusivity

Types of story: Exclusive / Scoop

Media Types: Text

Customer impact: Important regional history

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