Netflix Price Hike Anniversary

July 13, 2012 - 9:42 AM
FILE-In this Jan. 24, 2007 file photo, Netflix customer Carleen Ho holds up DVD movies, "Talladega Nights" and "Pirates of the Caribbean' that she rented from Netflix, at her home in Palo Alto, Calif. Netflix is more popular among couch potatoes than investors a year after its polarizing decision to raise U.S. prices for video subscription services by as much as 60 percent. The unexpected twist that Netflix announced a year ago Thursday, July 12, 2012, triggered mass customer cancellations and a sell-off in its stock that has wiped out more than $11 billion in shareholder wealth. (AP Photo/Paul Sakuma, file)