Netflix Could Raise Prices Again Soon
Netflix (NASDAQ: NFLX) has seen a massive increase in competition for consumer's couch time over the last couple of years. Media giants like Walt Disney (NYSE: DIS) have invested billions in direct-to-consumer streaming services new and old, while longtime-rival Amazon (NASDAQ: AMZN) also made a step-up in its streaming-content investment in 2020.
At the same time, Netflix's management hasn't been afraid to keep raising its prices. It raised the price of its most popular plan by $1 earlier this year, and most U.S. subscribers now pay about $14 per month. But based on viewer behavior, there's still room for Netflix to increase prices.
Image source: Netflix.
Source Fool.com
