Netflix is getting more expensive. Here are the announced price increases:

Ad-Tier: Now $7.99 USD/month, up $1

Standard Tier: Now $17.99 USD/month, up $2.50

Premium Tier: Now $24.99 USD/month, up $2

Why is Netflix Raising Prices?

The company told its shareholders in a statement, "As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix."

The announcement comes as streaming prices continue to rise across the world.