Netflix will be raising its price for the second time in two years from an $8.99 to a $9.99 per month starting on Nov.18 for the “standard” plan only.
“The increase affects the plan that lets two viewers use a subscription at once. Prices for the so-called one-screen and four-screen plans aren’t affected,” the company said on its website.
Netflix spokeswoman Anne Marie Squeo announced, “To continue adding more TV shows and movies, including many Netflix original titles, we are modestly raising the price for some new members in the US, Canada and Latin America.”
The popular streaming-video service has grown up to 65 million subscribers mostly on Netflix original series such as “House of Cards” and “Orange Is the New Black“. The company will begin carrying new Walt Disney Co.’s movies next year, and has dramatically increased the number of shows it funds and produces.