Streaming giant Netflix is set to raise its subscription prices in the U.S. and Canada.
The subscription cost of the standard Netflix plan will rise to $15.49 from $13.99 in the U.S,. and C$16.49 from C$14.99 in Canada. The basic plan, will increase in the U.S. by $1 to $9.99 per month. The premium plan is increasing by $2 to $19.99 per month.
According to Netflix, the higher prices will help the company in offering more original content, amid increasing competition from other platforms.