By John Glenday

Netflix has warned that it intends to raise its monthly subscription rates by as much as two dollar despite posting revenues of $1.27bn over the first three months of the year.

The announcement came in a letter to shareholders which accompanied as the digital streaming service’s latest market update – in which it reported signing up 4m new subscribers, to take its total customer base to 35.7m.

In the letter Netflix said: “Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only.” The firm remained tight-lipped on how this Read full story ›

Source: The Drum