Netflix Is Raising Prices: Why That's Good News for Investors

Streaming content pioneer Netflix (NASDAQ: NFLX) quietly raised prices in the U.S. and Canada last week. Millions of people flocked to the service at the pandemic onset as they were all of a sudden spending more time at home. That created a surge in demand for in-home entertainment, and Netflix benefited as a result. But Netflix is not alone; after getting a several-years-long head start, Netflix now has to deal with several major competitors.

Therefore, Netflix's announcement of price increases has broader implications. Let's take a closer look at why this is good news for investors.

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Source Fool.com