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Netflix announces price increases for some customers

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Some Netflix customers will see an increase in prices for high definition.

People who are currently paying $7.99 for the HD plan will have a choice. They can either pay the same for standard definition or SD service, or $2 more for HD.

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According to thenextweb.com, customers on "grandfathered" plans, those who signed up before new pricing was introduced, will be given a choice to continue streaming in SD for $7.99 or to pay $9.99 a month to continue watching in HD.

The news comes as the popular streaming site announced that it now has nearly 75 million subscribers.