Monday, January 15, 2018
Business

Netflix raising U.S. prices by 10 percent for most popular plan

SAN FRANCISCO — Netflix is raising the price for its most popular U.S. video streaming plan by 10 percent — a move that could boost its profits but slow the subscriber growth that drives its stock price.

The change announced Thursday affects most of Netflix's 53 million U.S. subscribers.

Netflix will now charge $11 per month instead of $10 for a plan that includes HD and allows people to simultaneously watch programs on two different Internet-connected devices.

The price for another plan that includes ultra-high definition, or 4K, video, is going up by 17 percent, to $14 from $12 a month. A plan that limits subscribers to one screen at a time without high-definition will remain at $8 a month.

The increase would be the first in two years for Netflix, although it won't seem that way for millions of subscribers. That's because Netflix temporarily froze its rates for longtime subscribers the last two times it raised its prices, delaying the most recent increases until the second half of last year for them.

Netflix isn't giving anyone a break this time around. It will start emailing notifications about the new prices to affected subscribers Oct. 19.

The price increase are being driven by Netflix's desire to fatten its profit margins as it spends more money to finance a critically acclaimed slate of original programming that includes shows such as House of Cards.

Wedbush Securities analyst Michael Wedbush believes less than 10 percent of subscribers will cancel Netflix as prices rise again, but he predicts it will be tougher to attract new customers who will choose cheaper alternatives from Amazon or Hulu.

Comments
Airbus could abandon A380 superjumbo amid lackluster sales

Airbus could abandon A380 superjumbo amid lackluster sales

New York TimesThe days may be numbered for the world’s largest passenger aircraft.Airbus, the European aerospace group that makes the A380 superjumbo, said Monday that it would have to end production of the plane if its only major customer, Emirates,...
Updated: 7 hours ago
The closing of 63 Sam’s Club stores has big implications for small business

The closing of 63 Sam’s Club stores has big implications for small business

Special To The Washington PostLast week, Walmart announced that it would be closing 63 of its under-performing Sam’s Club stores at various locations throughout the country, including a South Tampa location.PREVIOUS COVERAGE: South Tampa Sam’s Club i...
Updated: 10 hours ago
Brawny pickups, futuristic SUVs star at Detroit auto show

Brawny pickups, futuristic SUVs star at Detroit auto show

Associated PressDETROIT — It’s the year of the pickup truck at the 2018 North American International Auto Show in Detroit as General Motors, Fiat Chrysler and Ford unveil new trucks in a fast-growing and highly competitive U.S. auto market. Fiat Chry...
Published: 01/15/18
2017 still a deadly year for Tampa Bay pedestrians, bicyclists

2017 still a deadly year for Tampa Bay pedestrians, bicyclists

Another year gone, another year that Tampa Bay was one of the most dangerous places in the country for those walking or riding their bikes.More than 100 people were killed walking in Hillsborough, Pinellas and Pasco counties in 2017, according to sta...
Published: 01/15/18
If Florida’s offshore oil rush ever happens, only one side of the state is likely to see it

If Florida’s offshore oil rush ever happens, only one side of the state is likely to see it

The offshore drilling rigs that pepper the central Gulf of Mexico off Louisiana and Texas tap some of the nation’s richest oil and natural gas reserves.That proven and profitable productivity is why the energy industry has pushed for decades to open ...
Published: 01/14/18
Large crowds grab deals as Sam’s Club prepares to close South Tampa location

Large crowds grab deals as Sam’s Club prepares to close South Tampa location

TAMPA — Large crowds have gathered to snap up some deals before the Sam’s Club in South Tampa closes its doors for good on Jan. 27.On Thursday, the retailer announced it was closing dozens of stores, including a location at 5135 S Dale Mabry Highway...
Published: 01/13/18
For the first time, the 3 best-selling beers in America are light beers. Can craft brewers catch up?

For the first time, the 3 best-selling beers in America are light beers. Can craft brewers catch up?

Is it time for the King of Beers to hand over its crown?Preliminary analysis of national 2017 beer sales indicates that, for the first time in decades, Budweiser is no longer one of the top three beer brands sold in the United States. Bud Light, whic...
Published: 01/13/18
Valley National launches ‘Pop-Up Moments’ campaign for Tampa Bay nonprofits

Valley National launches ‘Pop-Up Moments’ campaign for Tampa Bay nonprofits

Leaders from Valley National Bank/USAmeriBank surprised the students of two local schools, Ybor City’s Academy Prep, 1407 E Columbus Drive, and St. Peter Claver Catholic School, 1401 N Governor St., with donations of much-needed supplies. This happen...
Published: 01/12/18
Updated: 01/14/18
Lottery winner minefields: Financial planning, emotions, relationships

Lottery winner minefields: Financial planning, emotions, relationships

The biggest challenge for lottery winners isn’t the massive sum of money suddenly dropped into their lap — it’s everything else that comes with it. "They’re going to be pulled in a lot of different directions," Steve Athanass...
Published: 01/12/18
Updated: 01/13/18
Tampa Electric planning to convert Big Bend power plant where five died in June from coal to natural gas

Tampa Electric planning to convert Big Bend power plant where five died in June from coal to natural gas

TAMPA — The parent company of Tampa Electric plans to seek regulatory approval in coming months to convert its Big Bend power plant, the site of an industrial accident that killed five workers last year, from coal to natural gas, a top executive said...
Published: 01/12/18
Updated: 01/13/18