Netflix is raising the monthly prices of its subscription plans again. Subscribers in the US, Canada, Argentina and Portugal will pay more to stream with or without ads, the media giant shared during its fourth-quarter earnings call on Tuesday.
Key Takeaways Netflix is now charging $7.99 rather than $6.99 a month for its cheapest plan.The new price is equal to the least expensive plan available from Comcast's Peacock.Most other major streaming services' plans start at a dollar or two more a month.
On Monday, Netflix and Comcast each announced $10 million donations, split between groups such as the Los Angeles Fire Department Foundation, World Central Kitchen and the American Red Cross. Both companies also said they are assisting employees directly impacted by the fires.
Comcast and Netflix each pledged to donate $10 million to support Los Angeles area wildfire disaster relief and recovery efforts.
Disney and Warner Bros. Discovery commit $15 million while Amazon, Netflix and Comcast add $10 million, Sony chips in $5 million while Paramount and Fox contribute $1 million. By Erik Hayden ...
Streaming service Netflix garnered 16 film nominations (mostly for "Emilia Pérez"), more than any other studio or streamer. But Universal Pictures and its Focus Features sister unit weren't far behind.
Netflix is now worth more than the combined market capitalizations of the owners of the four U.S. broadcast channels.
Shares of Netflix soared 13% to an all-time high on Wednesday after the streaming giant's big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its already sizeable advantage over other players.
Heger, meanwhile, thinks Netflix can find the right balance. The stock is currently up 10% after the company beat the Street's expectations for the top and bottom lines in Q4, punctuated by Netflix announcing that its total number of subscribers had surged past 300 million.
The streamer hit a 52-week high of $999 per share during Wednesday's trading session after adding a record-breaking 18.9 million subscribers
Netflix stock opened for trading at a split-adjusted $111.02 on July 16, 2015, after the seven-for-one split. A $1,000 investment at the time could have bought 9.01 Netflix shares. Today, that $1,000 investment would be worth $8,834.49, up 783.4%.