Netflix plans to charge more from subscribers over the next 10 years to raise money for original programming

Netflix is hoping to produce more of its own showers and films. According to its CEO, to reach this goal it is required more money from its subscribers. Therefore, it is obviously the company will rise the fee for its subscribers.

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Prompt from Reed Hastings, to raise more money to produce original content output, investors are definitely to increase the subscription prices for the next 10 years by providing the streaming service.

The Guardian reported Hastings opinions: “they want to increase the prices gradually, and there will be more content of shows added for the subscribers for the next decade, and the prices will be charged appropriately.”

Hastings continued : “the company also encourage the people to use the two-steam and high-def and the ultra-high-def, but there is not specific plans from the company on how to popular this.”

But we dont see its raise for subscription prices for this quarter recently. It costs $7.99 per month in the US for a standard definition Netflix package, a £5.99 per month in the UK.

Netflix will also have a difficult situation on password sharing in the future, with this feature, the users can create their own accounts instead of sharing them. It is new plans will be also carried out in other countries.

Netflix has 65 million subscribers around the world, and the US subscribers account to 42 million.

However, the cost of third-party television shows and movies earns as 4.6 times as it does. The net revenue of third party television shows and movies reaches at $7.7 bn.

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