Netflix raises prices and adds subscribers, despite strikes
Netflix increased subscription prices for some streaming plans in the United States, Britain and France on Wednesday as it shattered expectations for new customers, sending its shares surging 13%. Almost 9 million subscribers joined Netflix around the globe in the third quarter, surpassing Wall Street analysts' forecast for 6 million, according to LSEG. Netflix said it expected a similar number of additions in the current quarter. The strong performance showed Netflix was thriving despite Hollywood labor tensions that shut down a large swath of US production. Netflix makes many of its shows and movies overseas, which accounted for the bulk of its new sign-ups. Netflix pointed to the global success of "One Piece," a live-action adaptation of the venerable Japanese manga series and an example of its hefty investment in stories with local resonance that Travel the world. The streaming giant also attracted new audiences to long-running television shows, ...