New Netflix members pay $1 more for monthly service

Netflix announced last month that its prices were going up. On Friday, it revealed by how much.
 
According to CNNMoney, the entertainment streaming service is bumping its monthly membership fee by $1.

Only new members will be paying more to stream movies and TV shows: $8.99 per month versus the $7.99 current members are billed. Existing customers have an additional two years to adjust their budgets before having to pony up the extra buck.

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