Netflix Increases Prices By 60%

Watching a Netflix flick will cost some customers more money. 

The company is increasing its cheapest movie-rental plan price by about 60 percent.  Gone are the days of unlimited online movie watching and DVD rental for nine-dollars-99-cents per month.  Netflix will now charge about 16-dollars for a similar plan.  Internet-only and DVD-only plans will be split.  Each will cost about eight-dollars per month.  Netflix officials say the changes will give customers a choice of watching movies on the Internet or on DVD.  The price changes are immediate for new customers and start in September for existing customers.

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