New shows, customer gains give Netflix muscle to hike prices


LOS ANGELES: Netflix Inc, riding high after another strong earnings report, is in better shape to raise prices for new U.S. customers to its movie and TV streaming service than it was in 2011, when a price hike sent its stock into a downward spiral.

On its side is the addition of award-winning original series like "House of Cards" and an expanded library of TV shows and films that have made it a proven force in Hollywood with 35.6 million U.S. subscribers.

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