Netflix Is Raising Its US Subscription Plan Prices

first_imgStay on target Binge-watching Netflix is about to get more expensive: The streaming service just increased its subscription plan prices for U.S. customers.According to Netflix’s website, U.S. customers will now have to pay $1 to $3 more per month to watch content.The Standard plan, which is a Netflix customer favorite and provides HD-quality streaming, will now cost $12.99 per month, which is up from $10.99 per month. Premium subscribers, who have access to Ultra HD-quality streaming, will now pay $15.99 per month compared to $13.99 per month. Basic subscribers are also impacted by the price hike: Netflix’s Basic plan went up from $7.99 per month to $8.99 per month.The Netflix price hike will immediately go into effect for new U.S. subscribers, Variety reported. Netflix told Variety that existing subscribers will be switched to the new pricing plans soon, so they’ll have time to choose whether they want to stay with Netflix or move to another streaming service.Some Netflix customers in Latin America will also be impacted by the Netflix price hike. Netflix customers that live in Belize, Barbados, and Uruguay will have to pay the new subscription rates, because they’re billed in U.S. dollars. Brazil and Mexico, Netflix’s largest markets in Latin America, will not be affected by the price hike for now.Netflix raising its prices isn’t a coincidence: The streaming service is currently competing with other digital subscription platforms, including Amazon Prime and Hulu, which also provide customers with access to more than 500,000 movies, TV episodes, and exclusive content.Netflix, which in in the process of expanding its entertainment library with new TV adult animation series and sci-fi flicks, also aims to reach more audiences in upcoming years.Read more on Geek.com:‘Choose Your Own Adventure’ Publisher Sues Netflix Over TrademarksDavid Fincher’s ‘Love, Death & Robots’ Animated Series Is Coming to NetflixNetflix Permanently Removes iTunes Billing for New Customers What to Stream on Netflix This Weekend11 Other Old-School Nick Shows That Should Get Netflix Movies last_img read more

Orient – Express Hotels NYSEOEH wwworientexpr

first_imgOrient – Express Hotels (NYSE:OEH, www.orient-express.com), today announced the closing of a $30 million construction loan with the New York office of West LB. The financing is a first mortgage construction loan to complete development of the Company’s Porto Cupecoy residential mixed-use development on the island of Sint Maarten in the Caribbean’s Netherland Antilles.Porto Cupecoy consists of 180 luxury residences, retail boutiques and a 48 slip marina in a village setting, located between the beach and the bay in prestigious Sint Maarten, just steps from the French side of the island and Orient-Express’ famous La Samanna hotel. The development is designed in the style of a Mediterranean seaside town, reflective of the luxury Italian resorts of Portofino or Sorrento. There is a large waterfront plaza surrounded by boutique ground floor retail space, in which 10 of 15 units are fully leased and three awaiting signature. It includes a varied selection of restaurants, a gourmet market, high end home furnishings stores and many fine boutiques. The marina has 41 pleasure craft slips and 7 mega-yacht slips.Paul White, President and Chief Executive Officer of Orient-Express Hotels commented, “We are conscious that potential buyers have concerns in the current economic climate but with the successful closing of this loan, they can buy from us with confidence that the project will be completed and to a high specification. This is also good for Orient-Express in that from 2010, after repayment of the loan, we will be able to unlock surplus cash from the project, as we sell the remaining, unencumbered residences.”www.portocupecoy.comlast_img read more