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Netflix has over 75 million users, with a price increase on the way

Can you believe Netflix has over 75 million subscribers?!
By: Anthony Garreffa | HT & Movies News | Posted: Jan 20, 2016 10:12 am

Netflix experienced a stellar Q4 2015, reporting a huge $1.82 billion in revenue, and profits of only $43 million. This had share prices rising 7% in after-hours trading.

 

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But, the streaming giant announced it now has over 75 million subscribers, with 45 million of those in the United States. Netflix noticed record growth in international markets for the three-month period, with 5.59 million new subscribers to Netflix, with 4.04 million of those outside of the United States, compared to 1.56 million new US-based subscribers.

 

The company will be increasing the price of its packages by $1 or $2 for existing users, with the new updating pricing already applied for new users as of late last year. Soon, Netflix will remove the grandfathered pricing, forcing everyone to pay $7.99 per month for non-HD streaming, $9.99 per month for HD streaming and 4K streaming will cost $11.99 per month. The company isn't just going to be holding all of that money in their pockets, as they have recently expressed they're spending $6 billion throughout 2016 on 600 hours of original content, as well as new TV series and movies that will be constantly added to Netflix.

NEWS SOURCES:Techspot.com

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