Netflix is raising its subscription prices

Netflix is raising its subscription prices

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. Its $8 plan will go up to $9 and its $14 plan will go up to $16 a month.

Netflix (NFLX) stock spiked 6%.