Netflix CEO: Company Will Invest Most Of Price Hike In Streaming

Netflix CEO: Company Will Invest Most Of Price Hike In Streaming

When Netflix announced it would split up its streaming and disc subscriptions, making customers choose streaming or one-disc-at-a-time plans at $7.99 a month each, it didn’t offer much of an explanation as to why the price hike was needed. A writer at The Motley Fool took CEO Reed Hastings to task and asked him to justify the increase, and was surprised to get a response. [More]