Content boss Ted Sarandos says the company will be spending close to $7 billion on original content next year.
Starting today, Thursday October 5, Netflix subscriber prices will be increased for certain plans, but only by a couple of dollars at the most.
The highest-tier plan which features 4K and four simultaneous streams will go up from $11.99 to $13.99.
Current subscribers will start being notified about the change by October 19 and will see the price hikes go into effect in their next billing cycle.
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