Netflix Might Be Raising Prices Again & Soon


Netflix could soon be raising their subscription prices, according to HypeBeast. Notes from the earnings call, obtained from analyst Alex Giaimo, state "we believe a potential hike is probable in the near to midterm.” In the first quarter of the year, Netflix said they were "not even thinking about price increases"; however, the language is more open-ended in the second quarter. The price might not be go up much, and for Netflix to make a lot of money, it may not need to. Even if the subscription cost went up a dollar or two, that could generate $500 million USD to $1 billion dollars next year. Reasons for the hike might be the battle between the streaming services and the cost of procuring big Hollywood names for the service. Read more here https://hypebeast.com/2020/9/netflix-subscription-prices-raise-rumor-wall-street-journal?utm_term=Autofeed&utm_campaign=twitter_post&utm_medium=social&utm_source=Twitter#Echobox=1601319251