Cable / Telecom News

Netflix eyes price hike by summer

LOS GATOS, CA – Watching House Of Cards or Orange Is The New Black could cost more as early as this summer if Netflix follows through on a proposal to raise its monthly fee.The streaming service said late Monday that it is planning to add $1 or $2 to its monthly price for new subscribers, depending on the country, but that existing customers would stay at current pricing “for a generous time period”.  The additional funds “will enable us to acquire more content and deliver an even better streaming experience”, reads a note to shareholders that included the company’s first quarter...