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Stock impact report

Netflix Walked Away From Warner Bros. Then It Raised Your Bill Anyway [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
It let someone else take the debt, the layoffs, and the regulatory pain. Then it raised prices anyway. That is the flex. Netflix walked away from buying Hollywood, and still priced itself like a toll booth. On March 26, Netflix raised prices across U.S. plans . Standard with ads is now $8.99 a month. Standard is $19.99. Premium is $26.99. The “extra member” add-on is now $7.99 with ads or $9.99 without ads. Netflix did not clearly spell out when the hike would take effect for existing subscribers, beyond the usual billing-cycle notice. Credit: CardMapr.nl/Unsplash. Premium at $26.99 is $323.88 a year before taxes. That is not a “small adjustment.” That is a bet you won't leave. The Part Netflix Avoided A few weeks ago, Netflix backed out of bidding for Warner Bros . Discovery's studio and streaming assets after Paramount Skydance upped its offer to about $31 a share, valuing the deal around $110 billion. Netflix said matching that price was no longer financially attractive Show less Read more
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