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Netflix To Raise Fee For Blu-Ray Renters

Citing higher purchasing costs, Netflix has announced that it will raise fees for those who rent Blu-Ray DVDs through the popular on-line rental website.

In a first quarter earnings conference call yesterday, Netflix CEO Reed Hastings said, ‘because of the higher cost of Blu-ray and the consumer expectations around high-def content, we are planning on implementing a modest monthly premium for access to Blu-ray some time this year.’

No word on how much the premium will be.

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