Do you remember when Netflix was one of the lower-priced streaming services available? I sure do. Then, in 2014, they announced their first price hike in years. They've raised prices every two years since then, and they're about to do it again.

Reuters reports that the streaming company will raise rates by $1 to $2 in the United States depending on your plan. The standard plan, which allows for two streams at the same time will now cost $15.49 a month in the U.S. The increase took effect immediately for new customers. Existing Netflix users will see the price hike in the coming weeks when they get their latest bill.

A spokesperson told Reuters that the price hike comes so the company can continue to offer a wide variety of entertainment. The company reportedly spent $17 billion on programming in 2021. Want proof? Look at two of the Netflix original movies that came out in late 2021. Red Notice and Don't Look Up. Both movies had amazing casts with actors that don't exactly work for free! Stars like The Rock, Ryan Reynolds, Gal Gadot, Leonardo DiCaprio, Jennifer Lawrence are all Hollywood heavy hitters, and they don't work for free!

In fact, Netflix has now surpassed even HBO Max in terms of cost per month. You can still get HBO Max for $11.99 for three months. Disney+ is just $7.99 per month. I remember switching to streaming services to save money over cable. Weren't THOSE the good old days!

Want to keep up to date with the latest in local and music news? Download our app! It's completely free and not only will you be the first to know about breaking news, but we'll also keep you updated on concerts and other events coming to the area. You'll also have exclusive opportunities to win tickets. What are you waiting for? Get the free app today.



How long it takes to binge 'The Office,' 'Game of Thrones,' and 50 other famous TV shows

Popular Child Stars From Every Year

Below, Stacker sifted through movie databases, film histories, celebrity biographies and digital archives to compile this list of popular pint-sized actors from 1919 through 2021.

More From 98.1 KHAK