Netflix Price Hike Shocks US, UK, France: How Rival Streaming Giants Are Faring
Portfolio Pulse from Ananya Gairola
Netflix Inc. has raised subscription prices for certain streaming plans in the U.S., U.K., and France, coinciding with a surge in new customer sign-ups. The price adjustments impacted select plans, while the entry-level, ad-supported tier remains at its current price. This decision came in tandem with an increase in new customer sign-ups, propelling the company’s shares up by 13%. Other big streaming companies like Walt Disney Co's Disney+ and HBO Max have also raised their prices.
October 19, 2023 | 5:39 am
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Disney has also raised prices for its streaming service, Disney+.
Disney's decision to raise prices for Disney+ is mentioned in the context of other streaming services raising their prices. The impact on Disney's stock is not directly mentioned in the article.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Netflix's decision to raise prices has led to an increase in new customer sign-ups and a 13% rise in the company's shares.
The price hike did not deter new sign-ups, instead, it coincided with a surge in new customers. This positive response from the market led to a 13% rise in Netflix's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100