NEW YORK (AP) – Shares of Netflix are streaming to new highs a day after the corporate introduced its first true worth hike in years.
That is a far totally different outcome in contrast with 2011 when Netflix separated its streaming and DVD-by-mail service and raised costs.
About 600,000 clients fled and its inventory worth plummeted by eighty %.
However Netflix, based mostly in Los Gatos, California, is a special animal as we speak. The manufacturing powerhouse landed extra Emmy nominations this yr than any TV community aside from HBO.
A few of that worth hike, $1 per 30 days for the corporate’s hottest plan, will possible be plowed into the race to supply extra blockbuster exhibits like “Stranger Issues.”
Netflix is up towards HBO and Amazon, which has its personal ambitions for nice tv.
Shares of Netflix hit $198.ninety two Friday.
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