Netflix subscribers, be prepared to pay more for your monthly subscription.
The company that is the dominant online video streaming service is increasing its fee by $1 to $9.99 a month for new customers, Bloomberg reported.
Existing customers will have a grace period, the company said.
That grace period stretches until October 2016 for existing customers and longtime customers who currenlty pay $7.99 a month will continue at that rate until May 2016, The Washington Post reported.
The $9.99 fee for the standard service will allow users to watch on two screens at the same time. There is a basic service for $7.99 that allows one screen at a time.
Premium service for $11.99 allows up to four screens and HD and Ultra HD when available.
The price hike will allow Netflix to create more original content, The Washington Post reported.
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