Today Netflix, the biggest streaming service based on subscriber count, announced that it will increase subscription prices by up to $2.50 per month.
In a letter to investors [PDF], Netflix announced price changes starting today in the US, Canada, Argentina, and Portugal.
People who subscribe to Netflix's cheapest ad-free plan (Standard) will see the biggest increase in monthly costs. The subscription will go from $15.49/month to $17.99/month, representing a 16.14 percent bump. The subscription tier allows commercial-free streaming for up to two devices and maxes out at 1080p resolution. It's Netflix's most popular subscription in the US, Bloomberg noted.