Netflix has announced that it is increasing the cost of subscriptions across the US and Canada effective immediately.
During the second financial quarter of 2021, it is estimated that Netflix lost around 400,000 subscribers in the United States and Canada combined.
In the first price hike since October 2020, the streaming company announced changes to all of its various price plans.
Despite the price increase effective immediately, many Netflix customers will only see the change in the coming weeks, depending on their billing cycle.