Exchange-traded funds with exposure to Netflix were higher. AdvisorShares New Tech and Media ETF (NYSEArca: FNG) was up 1 percent, Invesco NASDAQ Internet ETF (NasdaqGM: PNQI) rose 2.55 percent and Invesco Dynamic Media ETF (NYSEArca: PBS) was up 1.18 percent.
The additional revenue stemming from the price increases will help Netflix’s investment in creating original shows and films. In addition, the additional income should help finance the debt it took on in order to compete with streaming services from the likes of Amazon, Disney and Apple.
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