Netflix has announced a price hike for their plans for Canadian subscribers.

The company’s standard plan is now $13.99 per month (up from $10.99 per month, which allows for two screens at once and HD quality streaming.

The basic plan which allows for standard definition streaming and one screen is now $9.99 per month (up from $8.99 per 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,” the company said in a statement.

Their premium plan goes up to $16.99 per month (formerly $13.99 per month) and allows for four screens at once and 4K UHD streaming.

Netflix says that part of the reason for the price increase to so they have more to spend on both Original and licensed content for subscribers.

The company spent about $6 billion in 2017 and has spent more than $8 billion in 2018 on more than 700 Original titles including TV series, films, documentaries, unscripted and stand-up comedy specials.

Netflix has also made improvements to the functionality of their service including Mobile Previews back in April and Smart Downloads.

The last Netflix price increase in Canada was back in August 2017.

The new pricing is live for new subscribers and current ones will get an email in the coming weeks about the price increase.

Source: The Canadian Press

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