Shelly Palmer Radio Report – May 15, 2014

Netflix has officially raised the monthly price of membership for new members, who will now have to fork over $9 a month. That’s a dollar more than the $8 price point the company has charged for several years. If you’re an existing Netflix subscriber, you don’t have to worry; the company has promised your monthly fee won’t go up for two years. Netflix says the price increase was needed to continue adding more movies and TV shows and delivering a great streaming experience. The move comes shortly after Netflix signed expensive deals with Comcast and Verizon to provide faster and more reliable access for its customers. While the improved speeds were a costly move for Netflix, the effects can already be seen. Since signing the deal with Comcast at the end of February, Netflix’s streaming speeds on Comcast have improved by 60 percent. No one likes price increases, but existing Netflix subscribers don’t have to worry yet – they can rest comfortably for the next two years and still enjoy a better streaming experience.

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Author:

Shelly Palmer

Shelly Palmer is Managing Director, Digital Media Group at Landmark Ventures/ShellyPalmer a technology focused Investment Banking & Advisory practice specializing in M&A, Financings, Strategic Partnerships and Innovation Access. He is Fox 5 New York's On-air Tech Expert and well known for his work on Fox Television's Shelly Palmer Digital Living as well as his daily radio report on United Stations Radio Networks. For more information, visit shellypalmer.com.

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