A look at Netflix’s recent price increase

Streaming video giant Netflix Inc (NASDAQ: NFLX) announced on Thursday it will raise prices for U.S. customers and investors cheered the announcement.  Price increase details Netflix’s standard subscription plan increases by $1 a month to $14 and its premium subscription plan goes up by $2 to $18 a month. However, the basic plan stays the same at $9 a month. Netflix said in a statement obtained by CNN Bussines that it acknowledges the price increase comes at a time when consumers have “more entertainment choices than ever.” But the streaming video giant is committed to providing an “even better experience”