Netflix raises monthly subscription $1 for Blu-ray

LOS ANGELES (Reuters) - DVD rental company Netflix Inc said Wednesday it will begin adding $1 to monthly membership fees to provide unlimited access to high-definition Blu-ray movies.

In an e-mail to subscribers, Netflix said the additional charge, to reflect the higher cost of Blu-ray discs, will be automatically added to billing statements on or after November 5.

Subscribers who do not wish to get Blu-ray access must adjust their accounts through the Netflix website.

(Reporting by Sue Zeidler, editing by Gerald E. McCormick)