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I hope Netflix doesn’t fail. That would be horrible!!

Netflix Prices Are Going Up in Canada

Every month, Netflix drops an overwhelming load of new original content alongside its various licensed properties. Of course, the company is not just making it for free. As such, Netflix has announced that it’s jacking up prices in Canada.

As the CBC reports, new Netflix users will pay the higher price immediately, with a charge of $10.99 for a standard plan and $13.99 for a premium plan.

The difference, if you’ve never checked, is that the standard plan allows for single-screen viewing at standard definition, while premium users can view up to four screens simultaneously in crystal clear high-definition 4K. It’s the best way to catch up on Ozark, Terrace House, Girlboss and Friends from College all at once.

If you’ve already got a Netflix account, the price hike is still coming. Keep an eye out for an email notification warning you about the extra dollars you’re about to spend in the coming weeks.

“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,” the company said in a statement.

This is the first Canadian Netflix price hike in two years, and it couldn’t come at a better time. Recent reports suggest that the company is $20 billion USD in debt.