Netflix raising prices

Netflix is raising prices in the United States.

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.

Its $8 plan will go up to $9 and it’s $14 plan will go up to $16 a month.

Netflix stock spiked 6% at market open.

Netflix has been spending billions on new content — at least $8 billion last year, based on the company’s own expectations from 2017.

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