Netflix said it will immediately offer its first unlimited streaming-only subscription plan in the US for $7.99 a month, and raise prices of its popular unlimited streaming and unlimited DVD plan by a dollar to $9.99 a month.

“We are now primarily a streaming video company delivering a wide selection of TV shows and films over the Internet,” said Chief Executive Reed Hastings.

Netflix, which gained success as a DVD rental by mail service, has more than 16 million members in the US and Canada. It debuted its first streaming only service in Canada in September.

Other posts by :

1. Eutelsat shareholders reach agreement at AGM
2. Ghana makes MultiChoice fee decision
3. SES announces €0.25c dividend
4. Russia “blinding and destroying” German satellites
5. Bank: AST, Starlink, Kuiper targeting $200bn market
6. Rivada: Is no news good news?
7. SES celebrates Intelsat acquisition
8. Pakistan halts broadband direct-from satellite
9. India stymies Starlink launch

Categories: Articles, Premium, VOD