Netflix is ​​facing good competition these days, which means they need to find new ways to make more money. You’d think all of their blockbuster films would fit, but no. Now, according to CNN, Netflix raises its membership prices. The streaming giant is raising prices on its standard and premium plans for US customers. The standard plan is currently $ 14 per month, which is a dollar higher compared to last year. Premium membership has now increased to $ 18, $ 2 per month. However, the basic plan is at $ 9.

“We understand that people have more entertainment options than ever before and we are committed to providing a better experience for our members,” a Netflix spokesperson wrote in a statement. “We are updating our prices so that we can continue to offer more types of TV shows and movies.”

“Prices are not always rising,” McTernan said CNN Business. “It shows that they feel people are willing to pay more for the service as the pandemic disrupts content production, thereby making their vast library more valuable.” With Disney +, Amazon Video, Apple TV, Hulu and HBO Max quickly tearing into the once sacred stream base of Netflix, one can understand why the giant is raising prices. However, let’s see if this hurts their membership numbers.