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Netflix Raises Prices 60%

  • Fox News, Wednesday, July 13, 2011 12:42 PM
Netflix will raise its monthly price by 60% for a plan that lets subscribers watch unlimited movies and video online and get DVDs by mail. Customers who want both services will pay $7.99 per month to rent one DVD at a time plus $7.99 for unlimited streaming, or a total of $15.98 per month. The previous cost of this plan was $9.99 a month.

"We are separating unlimited DVDs by mail and unlimited streaming into separate plans to better reflect the costs of each and to give our members a choice: a streaming only plan, a DVD only plan or the option to subscribe to both," Netflix vice president of marketing Jessie Becker wrote in a company blog post. Unlimited DVD-only plans will cost $7.99 for one at a time or $9.99 for two at a time.

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