Netflix gains 4 new million subscribers and announces price increase

Netflix is the most popular online video store in USA

Netflix, an online provider of audiovisual products, recorded the first quarter of this year 4 million new subscriptions , therefore, it announced a price increase for the first time in 4 years.

This company, which is headquartered in Los Gatos, California, has billed $ 1,066 million dollars so far this year, giving a net benefit of $ 53 million, which has triggered its shares on Wall Street, exceeding analyst´s forecasts at the end of the trading day.

The company announced an increase of $ 1 to $ 2 in their rates for new customers, while existing users will continue to pay the same value for a while. Reed Hastings, Chief Executive Officer of Netflix, regarding the increase in the number of users, said: ‘We are now approaching fifty million users worldwide, but we are still far from the 130 million subscribers that have HBO. We are eager to close that gap. ‘