Netflix Is Getting $1 More Expensive and Wall Street Is Thrilled

Netflix said Thursday that it is raising the price of its most popular video streaming plan by $1 a month. The hike, which will bring the monthly cost of a subscription that lets two viewers stream simultaneously to $9.99, affects new customers in United States, Canada, and parts of Latin America. Current account holders paying $8.99 a month won’t see a change in pricing until at least October 2016. Lucky Netflix customers who have thus far held onto their grandfathered $7.99-a-month plans wi...