and 5 alternative TV packages if you can't
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Netflix has increased the price of its streaming service in the UK and US, with many customers to see their bills jump next month.
The price change will take effect immediately for new subscribers, while existing members will be given 30 days notice before it kicks in.
A standard UK membership, which allows users to watch in HD and on two screens at the same time, has risen from £7.49 to £7.99 per month.
The monthly fee for a premium account, which allows subscribers to view programmes on four different screens simultaneously and watch in HD and Ultra HD where available, has increased from £8.99 to £9.99.
A spokeswoman for the streaming service said: "From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster."
She added that more than 1,000 hours of original content was being added to the site in 2017.
Subscribers will be notified from October 19, depending on their billing cycle, on when they will see the price change.
Netflix, which is now valued at £64billion, is worth almost nine times as much as the UK's ITV and 1.5 times bigger then Rupert Murdoch’s 21st Century Fox.
It airs Making a Murderer, House of Cards, Orange is the New Black and Stranger Things, exclusively, with 100 million people worldwide now subscribed to the streaming service.
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How will the Nexflix price hike affect me?
The monthly cost of a basic plan in the UK will remain at £5.99 but users will have to pay more for standard and premium memberships.
In line with new prices, the standard package will go up to £7.99 - that's an extra £6 a year.
The premium package will go up to £9.99 - that's an extra £12 a year.
Existing members will learn of the increase from October 19 and will be told about the price increase 30 days before the date of their bill.
How much does Netflix cost in the UK?
' Basic' membership: £5.99/month. One screen at a time; includes standard definition (SD) streaming only.
'Standard' membership: £7.99/month. Stream to two screens simultaneously; includes HD streaming.
'Premium' membership: £9.99/month. Stream to four screens at a time; includes streaming at 4K resolution.
How to avoid the price hike
Netflix currently offers two other price plans alongside the aforementioned 'Standard' package.
One option is to switch to the £5.99 a month 'basic' package - however this limits you to only one screen at a time and only standard definition picture quality.
5 UK alternatives to Netflix
(Image: Getty)
If you're divorcing Netflix, here are some alternatives to consider, along with how much they cost a month.