A price increase is on the way for Canadian Netflix users, with new users facing the charges immediately. CBC News reports that the service’s basic and standard plans will both now cost a dollar more ($8.99 and $10.99, respectively) while premium users should expect a two-dollar increase. Current subscribers should also expect equivalent price hikes in the coming weeks.
Netflix, which offers several different streaming plans in basic, standard, and premium tiers, has raised its prices before. US users saw a price hike in May of last year, which led to a significant boost in profit during the last two quarters. The new change will be the first hike to impact Canadian subscribers in close to two years.
While other streaming services like SeeSo are shuttering, and companies like Disney are preparing to launch their own service, Netflix remains a strong contender in the digital future. The company continues to pursue original programming, and it recently acquired comic book publisher Millarworld.