Netflix is raising its subscription prices

Posted January 15, 2019 10:02 a.m. EST

— Netflix is raising prices in the United States as the streaming service invests heavily in new programs.

All three of the company's plans will increase in price by $1-$2. The standard $11 plan, for example, will increase to $13 per month.

The price hikes will be applied to all existing members over the next few months. New members will be charged the new price immediately.

Netflix (NFLX) stock spiked 6% at market open.