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Netflix raises monthly charges for U.S. subscribers
Oct 29, 2020
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo
(Reuters) - Netflix has raised the monthly charges for its popular standard plan to $14 and its premium tier to $18 in the United States, the streaming giant said on Thursday.
Shares of the company were up 5% at $509.75 in afternoon trading.
The new standard plan will cost users $1 extra while it will be $2 for the premium plan.
“We’re updating our prices so that we can continue to offer more variety of TV shows and films - in addition to our great fall line up,” a company spokesperson said.
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