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Netflix Price Going Up; Amazon Acquires HBO Content

by Brandon Dimmel on April, 25 2014 at 12:04PM EDT

Popular video streaming service Netflix has announced plans to raise its monthly service price. Meanwhile, Amazon says it has acquired the rights to HBO (Home Box Office) shows for its Amazon Prime streaming service. For the past three years, ... Netflix has offered its video streaming services to customers for $7.99 per month -- an affordable price that has helped Netflix generate revenue of $1 billion. Netflix's total profits for the first quarter of 2014 are an estimated $53 million. (Source: bbc.com ) Premium Content Means Higher Prices, Netflix Says Netflix chief executive officer Reed ... (view more)

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