Prepare to pay more if you want to add Netflix to your phone and tablet

Now that Netflix has added all eight seasons of House MD to its list of television shows, who wouldn't want the streaming video service? Netflix has been raking in business left and right. On Monday, the company reported a huge jump in earnings from 5 cents a share last year, to 86 cents a share this year. That is a 17 fold increase in the amount of black ink reported by Netflix. Revenue rose to $1.27 billion from $1.05 billion in 2013's first quarter.

Despite the earnings gain, Netflix is raising the price of its monthly service for new subscribers. Current subscribers will be grandfathered for a non-specified (but characterized as "generous") time period. So if you're watching House or Titanic, or some of the other new titles added recently, you won't notice any change in the $7.99 per month that you are paying now.

If you are thinking about subscribing to Netflix, you could end up paying $1 or $2 more than the current rate. Netflix CEO Reed Hastings says that Netflix needs the added revenue to obtain more content and to improve the streaming experience.


source: Netflix via TheVerge

Iconic Phones is now up for pre-order in the US!

Our new coffee table book, Iconic Phones, is a stunning visual tribute to the legends in the world of phones, featuring exclusive high-resolution photography, stories, quotes and fun trivia. Pre-order now and save 15% with code: PARENA15

Pre-order now