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Netflix is raising its prices for new users

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Netflix revealed Monday that it plans to increase prices for new subscribers at some point this quarter, or before July.

In a quarterly note to shareholders, Netflix CEO Reed Hastings said the plan is to raise U.S. prices by a dollar or two after a similar price hike in Ireland went smoothly. As of now, U.S. customers can stream unlimited movies and TV shows for $7.99 per month.

If you're an existing Netflix customer, don't worry — at least not yet. Hastings added in his letter that customers will stay at their current rate for a "generous time period."