NPR logo

Netflix To Raise New Customers' Subscription Rates

  • Download
  • <iframe src="https://www.npr.org/player/embed/305814374/305814375" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Netflix To Raise New Customers' Subscription Rates

Business

Netflix To Raise New Customers' Subscription Rates

Netflix To Raise New Customers' Subscription Rates

  • Download
  • <iframe src="https://www.npr.org/player/embed/305814374/305814375" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The video-streaming company announced plans to raise its monthly rates for new customers by $1 or $2 a month. Current subscribers won't see a rate hike for at least a year.

RENEE MONTAGNE, HOST:

NPR's business news starts with the rising cost of Netflix.

(SOUNDBITE OF MUSIC)

MONTAGNE: The online video provider will raise the price of its subscriptions by one or two dollars over the next few months. This only affects new subscribers for now. Current subscribers won't see a rate hike for at least a year.

CEO Reed Hastings says the higher fees will increase the number of TV shows and movies Netflix offers and improve video streaming.

Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.