Article 8
05 / 10 / 17 - Netflic raises prices for first time in two years http://www.bbc.co.uk/news/business-41516159 In this article, it clarifies how Netflx which is an American Entertainment company that specialises in and provides streaming media and video - on demand have increased their prices in the UK and the US for the first time in 2 years. They essentially increased the subcription prices in both countries. A Standard UK plan will rise 50p to £7.99 a month, while a premium subscription for four simultaneous users jumps £1 to £9.99 a month. The Standard US plan increases by $1 to $10.99 a month, with a $2 rise to $13.99 for the premium option. A basic subscription of Netflix which does not offer High Definition streaming will stay at £5.99 a month. In July, Netflix stated that they have 104 million subcribers globally while the revenues rose 32% in the second quarter to $2.8 billion. Shares in Netflix closed 5.4% in New York, bringing the...
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