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Netflix shares rise as company announces subscription price hike

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Venture Beat reports: “Netflix’s U.S. business announced the first rises in monthly fees in two years on Thursday, hiking costs for two of its three main subscription plans as it spends heavily on its own original content. The company’s mid-range plan, which allows streaming on two devices at the same time, was increased to $10.99 per month from $9.99.Shares in the global streaming pioneer rose as much as 4.5 percent to a record high of $192.80.”

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