Netflix Plans To Raise Prices

New customers can expect to pay a little more to get their Netflix fix.

FOX News Radio’s Steve Rappoport reports:

Netflix will raise rates for new customers by one or two dollars a month sometime before July, while current subscribers continue paying $8 a month for at least another year. CEO Reed Hastings saying the move will help cover costs for original programs like “House of Cards” starring Kevin Spacey.

(“House of Cards) “Moments like this require someone who will act and will do the unpleasant thing.”

But it’s a delicate balancing act for Netflix as the video streaming and rental company spends more to compete with with cable channels and other services. Netflix lost about 800,000 customers after raising prices three years ago.

Steve Rappoport, FOX News Radio.