Netflix Inc said it will offer its first unlimited streaming-only subscription plan in the United States for $7.99 a month, and raise prices of its popular unlimited streaming and unlimited DVD plans by a dollar -- eventually shifting away from its mail business. Netflix shares rose 7 percent to $184.71 in morning trading following the announcement. The move is part of Netflix's push to phase out its DVD-by- mail business, said Gabelli & Company analyst Brett Harriss. "For a … [Read more...]
Netflix raises prices and offers stream-only service
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