All looked bright for the company, but in July, Netflix announced they would be changing their subscriber price structure on September 1, 2011, increasing the monthly fees by $6 without any improvement in service. Speculations were positive and even Wall Street thought the change would do the company good. But that didn’t happen. Last week, their stock prices took a dive of almost 19 percent.
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Hulu isn’t the only online streaming site that’s dipping their toe into the original content arena. Rumor has it that Netflix is in talks to score an original series of their own. The new project, called ‘House of Cards’, starring Kevin Spacey and directed by David Fincher, is currently up for grabs with major cable companies, including HBO and AMC bidding for distribution rights. According to the rumors, Netflix may have cinched the deal.
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