Netflix was on the low end of the...

Netflix was on the low end of the subscription hike increase it promised last month, which it said at the time would be in the $1-$2 range. Rates for existing members will remain intact for two years, it said. The company told subscribers in an email Friday, with the subject line “Important Membership Information,” that it was raising the subscription price for new members from $7.99 to $8.99 “to continue adding more movies and TV shows.” It promised existing members “your plan and price will not change for two years."