Netflix raises price for new members

Netflix raises price for new members

(WAFF) - Netflix said it will increase its monthly price by $1 starting Nov. 11.

NBC News said Netflix will increase its price to $9.99. However, the price hike will only immediately affect new customers. Existing customers will continue paying $8.99 a month until Oct. 2016.

Netflix tweeted several customers after they took to the social media site to complain.

NBC said the company's standard plan, which does not include high-definition video playback and can only be used on one screen at a time, will stay at it's $7.99 a month price. The premium plan will also stay at its $11.99 a month price.

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