(CNN Newsource) — You may need to make room in the budget for your streaming services.
Netflix plans to raise rates again.
The email to subscribers is a reminder that each of Netflix’s plans in the United States will increase between $1 to $2 over the next billing cycle.
The price of the basic plan will rise from $8 to $9 per month, the standard plan that includes HD streaming on two devices will go from $11 to $13 per month, and the price of its premium plan will increase from $14 to $16.
Netflix says the increased revenue will help it add more television shows and movies.
The company has been investing heavily in original content.
It budgeted $8 billion for new shows and movies in 2018.