Netflix is raising the prices of standard and premium plans – Here's what you need to know

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It's going to cost more to Netflix and chill.

The streaming giant has announced its raising the prices of its standard and premium plans in the United States, reported Variety.

The standard plan, which allows subscribers to view content in high-definition on two screens, will increase by $1 from $12.99 to $13.99 per month.

The premium plan, which lets subscribers view content on four screens in Ultra-HD and currently costs $15.99 a month, will increase by $2 to $17.99 per month.

Netflix’s basic plan, which includes a single screen of non-HD content, will remain unchanged at $8.99 monthly.

The price increases are already in effect for new subscribers. Current subscribers will see the increase in the coming months and will be notified by email ahead of time. The increase will occur in relation to a member’s billing cycle.

“We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members,” Netflix said in a statement. “We’re updating our prices so that we can continue to offer more variety of TV shows and films — in addition to our great fall lineup. As always we offer a range of plans so that people can pick a price that works best for their budget.”

Netflix last raised prices for U.S. customers in January 2019.

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