Business

Netflix raises prices by a $1 for new subscribers

By Michael Liedtke
Published May 9, 2014 4:54pm ET
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Netflix raises prices by a $1 for new subscribers
FILE - In this Friday, Jan. 17, 2014 file photo, a person displays Netflix on a tablet in North Andover, Mass. Netflix is raising its Internet video prices by $1 per month for new customers and giving its current U.S. subscribers a two-year break from the higher rates. (AP Photo/Elise Amendola, File) | Elise Amendola

SAN FRANCISCO (AP) — Netflix is raising its Internet video prices by $1 per month for new customers and giving its current U.S. subscribers a two-year break from the higher rates.

The changes mean anyone signing up for Netflix’s video subscription service beginning Friday will pay $9 per month for in the U.S. The old price of $8 per month will continue until May 2016 for Netflix’s existing 36 million U.S. subscribers.

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