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Streaming service Netflix has announced upcoming changes to its subscription pricing, with increases for all three of its plans. The Basic plan, which offers one simultaneous stream in standard definition, will now cost $9.99 per month, up from $8.99. The Standard plan, which includes two simultaneous streams in HD, is increasing from $13.99 to $15.49 per month. The Premium plan, which offers four simultaneous streams in Ultra HD, will now cost $19.99 per month, up from $17.99.

These price changes will apply to all new subscribers immediately, while existing subscribers will see the new pricing reflected in their billing cycles over the next few weeks. Netflix has stated that these increases will help fund investments in new content and features, as well as cover rising production costs.

The streaming service last raised its prices in October 2020. This latest increase is part of Netflix’s ongoing efforts to remain competitive in the streaming market while continuing to provide a wide range of high-quality content to its subscribers. So, for those who enjoy streaming their favorite shows and movies on Netflix, these price changes are something to keep in mind when considering your budget.