Streaming on Netflix became more expensive this week after the subscription service upped their prices on Premium and Standard plans.

Standard prices rose to $14.99 (up from $13.99) and Premium prices rose to $18.99 (up from $16.99) on Thursday for Canadian subscribers.

Basic plans remained the same at $9.99.

New members will already see the new price scheme while existing members will see updated pricing in the coming weeks.

The exact timing for when the price hike will kick in depends on a member’s billing cycle.

In an emailed statement Netflix said that the price update is necessary for the company to put more money into shows and films.

“Canadians have never had more choices when it comes to entertainment and we’re more committed than ever to delivering an experience that exceeds their expectations,” a Netflix spokesperson stated.

“As always we will continue to offer a range of plans so that people can pick a price that works for their budget.”

Currently, Amazon Prime subscriptions are $7.99 a month or $79.00 a year, while Disney Plus subscriptions are $8.99 a month or $89.99 a year.