Netflix Subscribers: It’s Going to Cost You More to Watch

Netflix is going to hike the subscription fees from $9.99 to $10.99.

Why?  Netflix claimed that the future would be about the original content.  The company is going to  spend $8 billion on its original content in 2018; therefore, it needs our money to fund the project.

Netflix is up more than 57% so far year to date.

Today’s rate hike news did not affect the stock price very much.  I suppose $1 increase per month is insignificant to us after all.

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