Netflix announces price increase, standard plan now $9.99 per month

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Netflix announced on Thursday a $1 price increase on its most popular plan to $9.99 per month, up from $8.99.

The plan offers two simultaneous streams for each customer. Current customers will not pay the new price until October 2016.

A cheaper, non-HD $7.99 per month plan is still available. The premium subscription remains at $11.99 a month.

Last year, the standard plan increased from $7.99 to $8.99.

Netflix said the increase allows the company to “bring more great content to users.”

“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 U.S., Canada and Latin America. As a thank you to existing Netflix members — who aren’t already benefiting from a previous price guarantee — we will maintain their current price for a year,” the company said in an email to Tribune Broadcasting.