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Netflix boosts prices for US subscribers

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Netflix boosts prices for US subscribersNetflix unveiled plans Tuesday to boost prices for US subscribers, a move that helped lift shares of the streaming television giant which now faces an array of new competitors. The California-based company, which has nearly half of its 130 million paid members in the US, will raise the price of its most popular streaming plan with high-definition video by 18 percent to $12.99 per month. Netflix will also be boosting prices of some other subscription plans and will apply those rates to Latin America and Caribbean countries where it bills customers in US dollars.