Netflix raising its prices by 10 percent for standard plan

(WXYZ) - Netflix users will soon see a spike in their bill after the company announced it is raising prices.

According to Mashable, Netflix's most popular plan, the standard plan, will go from $9.99 a month to $10.99 a month. The premium plan will increase from $11.99 a month to $13.99 a month.

 

The price hikes only affect U.S. customers and will go into effect in November. Users will begin getting their 30-day notification of the increase on Oct. 19, according to Mashable

"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," a Netflix statement to Mashable said. 

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