Membership Increase and Chief Executive Reed Hastings

Chief executive Reed Hastings: It also announced a potential "one or two dollar increase" in monthly rates for new members later this year. , according to BBC. Chief executive Reed Hastings said the success of Netflixas original programming was behind its membership increase, in particular highlighting Kevin Spacey-led drama House of Cards. The internet video streaming firm said it added 2.25 million new members during the period, bringing its total global membership to 48 million. Shares in the firm soared more than 6% in after hours trading. (news.financializer.com). As reported in the news.