Netflix to Add More Content But It Will Come at a Price

It’s the Netflix news we’ve all been hoping would never come… According to The Guardian, Netflix CEO Reed Hastings has hinted that price increases are on the way. Speaking to investors on Wednesday, he revealed that the streaming service is planning to spend big on original content which will (of course) depend on more money from subscribers. Thankfully for all the Netflix addicts out there, the changes won’t be happening overnight and it will be a gradual progression. (Also, more content - YAY!) Hastings explained: “We want to take it very slow. Over the next decade I think we’ll be able to add more content and have more value and then price that appropriately.” Netflix also wants to push people from the basic one-stream, standard-definition package (for $7.99) to the two-stream and high-definition packages (which cost more). Reports claim that there was an indication that the company could crack down on password-sharing in the future as a result of the above. Earlier this week it was revealed that a number of popular shows were being dropped from the service including Father Ted, The IT Crowd and The Inbetweeners.