Netflix Plans Price Increase as Password-Sharing Crackdown Boosts Subscriber Growth

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Netflix Plans Price Increase as Password-Sharing Crackdown Boosts Subscriber Growth
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Netflix co-Chief Executive Ted Sarandos said the company and other streaming platforms, studios and networks were “super committed” to reaching a deal with striking Hollywood actors and writers. Photo: Chris Delmas/Agence France-Presse/Getty Images

Netflix co-Chief Executive Ted Sarandos said the company and other streaming platforms, studios and networks were ‘super committed’ to reaching a deal with striking Hollywood actors and writers. Photo: Chris Delmas/Agence France-Presse/Getty Imagesdelivered stronger customer growth than expected in the third quarter, and it announced plans to increase some prices in the U.S., U.K. and France.

Shares rose more than 12% in after-hours trading. The streaming giant added 8.8 million subscribers in the third quarter with customer growth in every region, after attracting 2.4 million net new subscribers during the same period a year earlier.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

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