Netflix Plans To Increase Streaming Service Charge

Posted On 23 Apr 2014
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Tag: Netflix increase monthly fee, Netflix share price, Netflix share price increase

The internet TV Company Netflix Inc said on Monday increased its quarterly profit that beat Wall Street expectations and said it intends to raise the price of the monthly fee for new customers.

The news caused a rise in its shares 6.5 percent to $ 371.26 in after-hours market hours. The papers had closed at $ 348.49 on Nasdaq.

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