A Netflix Price Hike Is On the Way

Netflix is planning to raise the price of its popular streaming service by as much as two dollars per month, according to statements in its first-quarter earnings filings.

Current subscribers would stay at the $7.99 price for a "generous time period," the company wrote in a statement to investors.

"Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only," the company wrote.

The news came as Netflix announced that it added 4 million new members in the first quarter of 2014, as the company beat revenue and profit expectations. The company now counts 48.4 million paid subscribers. Read more...