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Netflix Raises Prices by $1 a Month for New Subscribers

Netflix Inc. raised prices for new subscribers by $1, to $8.99 a month, the first increase in three years for the video-streaming service that offers the series “House of Cards.”

As part of the change, the world’s largest subscription streaming service introduced a $7.99 plan that doesn’t deliver high-definition TV or let subscribers view programs on more than one device at a time, according to the Los Gatos, California-based company.