Netflix (Flickr | MoneyBlogNewz)

The goal of the price hike is to draw more international customers and to produce more original content, like the highly successful “House Of Cards,” according to Reuters.  

The company’s shares rose 7 percent during the trading day on Tuesday based on data from CNN Money. 

Analyst Alan Gould told Reuters that Netflix is set to gain 50 million global customers. A $1 to $2 price increase would bring the company at least $600 million. 

Netflix is currently available in 41 countries and is projected to launch in France and Germany in the later half of 2014. 

Netflix marks revenue rise with price increase for new customers

Contact Executive Reporter Scarlett Zhiqi Chen here.