Netflix to hike prices as it gains clout in market April 22, 2014 NETFLIX will hike its prices to new customers by up to $2 (£1.19) per month, the firm announced yesterday as it revealed record profits of $53m for the first quarter. Profits are up 10.4 per cent on the quarter from $48m in the last three months of 2013. The TV and film streaming firm’s incomes [...]
Netflix subs added to inflation basket March 13, 2014 The UK's official statisticians have elected to add "video streaming services" to a basket of goods used to measure inflation. Now items like Netflix and Amazon Instant Video will be included in the consumer price inflation measure, a decision taken as part of the annual review of the CPI basket of goods and services. The [...]
Netflix surprises market with surge in subscriber numbers October 21, 2013 FILM and TV streaming service Netflix saw profits rocket in the third quarter as subscriber numbers increased more quickly than expected. Another 2.7m customers signed up globally in the three-month period pushing revenues up to $1.1bn (£681m), up 22 per cent on the $905m brought in during the same period of 2012. The rising revenues pushed [...]