The video-streaming company announced plans to raise its monthly rates for new customers by $1 or $2 a month. Current subscribers won't see a rate hike for at least a year.
Copyright © 2014 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.RENEE MONTAGNE, HOST:
NPR's business news starts with the rising cost of Netflix.
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MONTAGNE: The online video provider will raise the price of its subscriptions by one or two dollars over the next few months. This only affects new subscribers for now. Current subscribers won't see a rate hike for at least a year.
CEO Reed Hastings says the higher fees will increase the number of TV shows and movies Netflix offers and improve video streaming.
Copyright © 2014 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information. NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio. Share Facebook Twitter GoogleIn the biggest one-day drop in nearly two and a half years, the Nasdaq fell 3 percent on Thursday.
Copyright © 2014 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.(SOUNDBITE OF MUSIC)
DAVID GREENE, HOST:
NPR's business news begins with a tech stock slide.
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GREENE: In the biggest one-day drop in nearly two and a half years, the NASDAQ fell 3 percent yesterday. Facebook and Netflix were among companies leading the decline, each losing more than 5 percent.
Copyright © 2014 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information. NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio. Share Facebook Twitter Google
