Redbox to increase DVD rental prices

(CNN) - Redbox is following Netflix's example by raising its daily rental fees.

It used to cost $1 to pick up a DVD at a Redbox kiosk.

Now, the movie rental service will cost $1.20.

Redbox says it had to raise its prices, in part, because of higher debit card fees.

But the company says it won't charge more for Blu-ray movie and video game rentals.

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