Netflix Is Streaming a New Price

By Sajid Farooq
|  Wednesday, Jul 13, 2011  |  Updated 8:40 AM CDT
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Netflix Is Streaming a New Price

Netflix is changing the way it bills customers and raising the price for some.

Netflix's popular video service is about to get an unpopular price adjustment.

The Los Gatos-based company announced it will increase the price for its unlimited streaming and DVD subscription from $9.99 a month to $15.98 a month.

The jump marks an almost 60 percent increase for the service. But it may not be enough to deter investors and customers alike.

Customers who want to receive one DVD a time in mail or unlimited streaming-only service will be able to pay $7.99 a month for each service separately.

The new service will go into effect immediately for new customers but current subscribers won't see the rate jump until after the Sept. 1 billing period.

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