Netflix revealed today that the streaming giant are raising the prices of some of their monthly price plans.
For Netflix users in the US, the standard tier subscription – which lets two people watch on two screens – will rise from $9.99 to $10.99.
The ‘family plan’, which offers select content in Ultra HD 4K format, will rise from $11.99 a month to $13.99.
The Netflix price rises Netflix revealed today only affect US customers at the moment, and it’s unclear if prices in other territories could also rise.
Speaking about the price rise to The Verge, a Netflix spokesperson saidL “From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster.”
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The price rise affects new customers in the US right now.
Existing customers will have to fork out for the higher subscription cost at some point over the next few months.
Netflix also increased prices back in 2015 – with that price increase hitting UK customers.
That price rise saw the basic HD subscription rising from £6.99 per month in the UK to £7.49 a month for new customers.
Before that prices for Netflix membership also rose in May 2014.
CNBC said the prices rises would help increase margins while Netflix continues to spend billions creating original content.
The news comes as Netflix subscribers are set to get a number selection of new shows and movies this October.
Here is a list of a number of movies and TV series coming to Netflix in October 2017.
NETFLIX OCTOBER 2017 – MOVIES
• Good Will Hunting
• Inherent Vice
• The Notebook
• Robin Hood: Prince of Thieves
• American Sniper
• 6 Days
• Notting Hill
• For A Few Dollars More
• Ace Ventura: Pet Detective
• Ace Ventura: When Nature Calls
• The Host
• It’s a Mad, Mad, Mad, Mad World
• Rush Hour 3
• Kingdom of Us
• The Meyerowitz Stories
• Robin Hood: Men In Tights
NETFLIX OCTOBER 2017 – SERIES
• Stranger Thing – Season 2
• Mindhunter – Season 1
• Riverdale – Season 2
• Whitechapel – Series 4
• Dynasty – Season 1
• Suburra
• Haters Back Off – Season 2
• Once Upon A Time season 7