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Netflix has spilled the beans on its previously announced price increase.

The monthly subscription will go up by £1 to £6.99, but only for new subscribers. If you're already signed up, you won't have to pay any more for another two years.

In an email to customers, Netflix said: "As a thank you for being a member of Netflix already, we guarantee that your plan and price will not change for two years."

It will also offer a more basic package at the old price of £5.99 a month. You'll only be able to watch in standard definition, and you'll only be able to stream to one screen at a time.

A new premium package will let you stream to four screens at once in "Super HD".

The price increase is to fund expansion. Netflix said: "To continue adding more movies and TV shows and delivering a great streaming experience, we are increasing the price of our service slightly for new members."

Netflix is home to original shows like 'House of Cards' starring Kevin Spacey. It streams some content in 4K Ultra HD, which has four times the number of pixels as standard HD. Though you will need a recent 4K-capable TV, as older models can't receive the stream.

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