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Netflix will be raising prices for some plans

November 22, 2010 12:00:00 AM PST
Netflix Inc. will be raising its prices for some subscription plans, the company announced on Monday.The company, based in Los Gatos, Calif., said it will be shifting its focus to streaming video, as more members use the Internet to watch movies and TV shows.

Netflix said its subscription plan for unlimited movies and TV shows streamed over the Internet and unlimited DVD deliveries - with one DVD out at a time - will increase by $1 a month to $9.99. Prices for other plans allowing for more DVDs out at a time are also going up.

Existing members will see the price increase in January, while new members will face the higher prices immediately.

Netflix is also launching a $7.99 a month streaming-only plan in the U.S. to accommodate the online shift.

The Associated Press contributed to this story.