By Noel Young

Netflix is to increase subscription prices for new customers by one or two dollars a month within the next few months. Existing subscribers will be able to continue at their current rate “for a generous time period,” the streaming video company said yesterday.

U.S. streaming subscribers currently pay $7.99 a month, the price since 2010. The company raised monthly fees for new subscribers in Ireland by one euro back in January, a change that it said had “limited impact.”

Netflix CEO Reed Hastings said in a conference call with analysts, “If we want to continue to expand, to do more Read full story ›

Source: The Drum