Netflix has upped its subscription price in the US, and Wall Street approves.

Teh streamer is raising its standard plan to $13.99 (€12) a month from $12.99 a month, and its premium plan to $17.99 a month from $15 a month. The price of its basic plan remains at $7.99 a month. News of the price rise sent Netflix shares up by about 5 per cent to $509 a share.

Last week, Netflix announced slower than expected subscriber growth, but Wall Street focussed on the company’s earnings and revenues increases. Analysts believe the company is poised to turn cash-flow positive.

Other posts by :

1. Eutelsat shareholders upset over Rights Issue
2. Amazon Leo satellites en route to French Guiana
3. Deutsche Bank reveals targets for AST SpaceMobile
4. AST SpaceMobile boss outlines benefits
5. Report: LEO build-out accelerates
6. Germany outlines space commitment
7. Analysis: Impact of AT&T on US telcos and cable
8. Bezos rocket production boosted
9. Musk delays Moon landing until 2027

Categories: Articles, Business, Premium, VOD

Tags: netflix, Wall Street