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Netflix Raises Subscription Prices Nearly 20 Percent, Company Stock Jumps 6 Percent

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Streaming giant’s Standard plan goes from $10.99 to $12.99 per month
Netflix is increasing its subscription prices again, with the company’s Standard package bumping up 18 percent from $10.99 per month to $12.99 per month on Tuesday.
The company’s Premium plan, which includes up to four HD streams, moves from $13.99 a month to $15.99 each month, while its Basic plan increases $1 per month, hitting $8.99 each month. The new prices will impact new subscribers immediately, while existing customers will be moved to the new rates in the coming months, according to a Netflix spokesperson.
“We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members,” the Netflix spokesperson told TheWrap.

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