Facing mounting pressure from rivals, Netflix is once again raising its subscription fees across all tiers from today. The price hikes mark the subscription service's largest increase in 12 years.
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Following a statement by Netflix's Chief Product Officer, Gregory Peters, last month suggesting cheaper streaming prices in India, CEO Reed Hastings made it clear now that there's no such plan.
Netflix is offering approximately $2 billion of senior unsecured notes to qualified institutional buyers as part of its efforts to acquire, develop, and produce original content in the future.
