Online video service Netflix announced last week that it will increase its prices in the United States and Canada by 1 to 2 U.S. dollars every month. The last time it raised its prices was in October 2020. In the U.S., the regular plan rises from 13.99 to 15.49 U.S. dollars (from 1591.52 to 1762.16 yen) per month, while Canada’s price increases from 14.99 to 16.49 Canadian dollars (from 1348.61 to 1483.56 yen). Netflix explained in a statement that the price boost will be used to get new shows in order to keep up with the likes of Hulu, HBO Max, Disney Plus, Sling TV, and Peacock. “We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always, we offer a range of plans so members can pick a price that works for their budget,” a Netflix agent said. About 74 million Netflix users between the U.S. and Canada are expected to see an increase in their next bill or the one after.