From PC Mag: Bad news, Netflix members: prices are going up.
Netflix's most popular plan, Standard—which offers HD-quality streams and lets you watch on up to two devices at a time—is increasing $1 to $10.99 a month. The company's Premium plan, which offers Ultra HD quality and allows four concurrent streams, is getting a $2 price hike to $13.99 a month.
"From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster," Netflix told PCMag.
That original content is not cheap; CNN reports that Netflix is spending about $16 billion on these shows, movies, and specials.
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