NDM

Netflix announces $1bn revenues and higher prices for new subscribers 

Netflix are an online streaming website which allow you to view movies and also TV shows. This story is about how Netlix have created a large increase in the subscriptions they have received therefore increasing their revenue by $1billion. However this increase is also due to the increase the company's increase they have set for new subscribers. Netflixs now hold over 48 million members worldwide. The prices for Netflix subscriptions have now increased from £6.99 to £7.99. However for the subscribers which have been present to Netflix from before the price increase will be giving the option of being able to keep £6.99 for two years.  Netflix have also announced that they have received a £53 million increase in turnover. Additionally my opinion on this story is I believe the reason in which Netflix are able to generate the amount of sales in which they do is due to them not having much competition. Netflix only receive competition from love film however from the view of the audience it would be seen that Netlix is the more used online streaming site. However I am not surprised with the success in which Netflix have received the reason for this would be that they are able to provide content in which others are unable to therefore making them unique.