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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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
NEUTRAL IMPACT
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