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Netflix announces plan to increase prices for new members

Netflix announces plan to increase prices for new members

Netflix says it plans to increase prices for new members by “one or two” dollars later this quarter.

Netflix’s current pricing plan offers unlimited streaming movies and television episodes for $7.99 a month.

The company revealed the price increase along with its quarterly earnings today. Netflix reports adding 2.25 million U.S. subscribers and a profit of $53 million.

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