Netflix announced that it will increase the cost of its streaming-video service by one or two dollars monthly for new subscribers later in the second quarter of 2014, Variety reported.
The news comes on the same day the service, popular for programs like “House of Cards” and “Orange is the New Black” revealed its positive first quarter earnings and results on its website.
“These changes will enable us to acquire more content and deliver an even better streaming experience,” Netflix said in their Q1 2014 letter to shareholders.
Netflix now has 48.4 million streaming subscribers and predicts it will add 1.46 million new subscribers this quarter, Bloomberg reported.
Current subscribers will keep current pricing, $7.99 per month in the U.S., for an unspecified period of time, according to Variety.
What do you think of the price increase? Vote in our poll below.
KPCC's online polls are not scientific surveys of local or national opinion. Rather, they are designed as a way for our audience members to engage with each other and share their views. Let us know what you think on our Facebook page, facebook.com/kpcc, or in the comments below.