Netflix to Raise Prices of Plans

remote-control-932273_640Netflix announced they are raising prices by $1 for the popular streaming service to help cover the costs of content.

The new price of $10 per month for Netflix’s standard plan won’t affect most of the service’s existing 42 million U.S. subscribers.

Subscribers who have been with Netflix since May 2014 will still pay $8 per month under a two-year rate freeze adopted when the company last raised its U.S. prices by $1. Customers who signed up since the last price increase will pay $9 per month until October 2016.

Find out more at CBS Money Watch.

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