Netflix is raising its subscription prices

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(CNN) — Netflix is raising prices in the United States as the streaming service invests heavily in new programs.

All three of the company’s plans will increase in price by $1-$2. The standard $11 plan, for example, will increase to $13 per month.

The price hikes will be applied to all existing members over the next few months. New members will be charged the new price immediately.

Netflix (NFLX) stock spiked 6% at market open.

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