Netflix's largest-ever US price hike boosts stocks

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Wall St was driven higher by a surge in Netflix's share price, after the company said it would raise subscription prices by 13-18 per cent in the United States.

 

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There's a war on streaming services, Stan, Netflix, 9Now, Amazon and dear old Disney. Sides have to be chosen & stock price jumping is significant in this arena. This is news, not a promotion. MyThoughtsEntirely ABCNews

What is it with ABC's constant referral to Netflix ?.

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Netflix hikes prices for 58 million US subscribersNetflix is raising its US prices by 13 percent to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. Big deal. It’s already cheap as it is. I only got it a month ago and it’s better value than Foxtel which I also have. Only keeping foxtel until Kayo has an app for tv for sports service. I only keep foxtel because of the AFL otherwise it’s a waste of money. Not this Little Black Duck. Netflix got way too boring, so I flicked them.
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