Reuters brings the news of the Netflix price increase, revealing that most plans from the service will increase between $1 to $2 apiece, the standard plan for example will be going up form $13.99 a month to $15.49 a month. This is the first price increases for Netflix in the US since October of 2020 and unlike the previous increases are effective immediately. The premium plan on Netflix, which gives users the option for ultra HD streaming, has been increased from $17.99 a month to $19.99 a month. Even the most basic plan from Netflix increased its plan by one dollar.

In a statement, a spokesperson for Netflix said: “We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members…We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget.”

As the statement from Netflix says,

“People have more entertainment choices than ever.”