Netflix has quietly hiked its United Kingdom prices

HBO CEO Throws a Punch – Slams Netflix's Library of Original Content, “More is not better, only better is better”

The changes impact Netflix's 53 million US subscribers binge-viewing on films and TV series as the video platform has emerged as a major buyer of original content. If you go out to lunch at the same place every week and pay $10 for your meal but all of a sudden your meal costs $11, you're going to wonder why it's more expensive. The price of Netflix's basic plan will stay the same at $7.99 per month. Will this make you reconsider your subscription or are you happy to keep paying the new price?

For now, analysts don't see terribly anxious, nor do investors, with Netflix's share price gaining 4.3% to $192.34 in recent market action. The company added that, since its last price increase in October 2015, Netflix has added a downloading feature and interactive content.

The top-tier plan, which allows streaming on four screens in high definition, was raised to US$13.99 per month from US$11.99.

Netflix is offering something even scarier than the new Stranger Things season this October: higher prices for its most popular subscription plan.

Red Raiders Drop First Game of the Season 41-34
It worked four times . "So we'll find out this week what we're made of", Kingsbury said. "Defensively, we played terrific". Devin Harper blocked the punt by Dominic Panazzolo, with the ball going out of bounds at the Tech 9-yard line .

People may not like them, but price increases will likely continue to be necessary as Netflix spends more and more on content - close to $7 billion next year, according to its content boss Ted Sarandos.

Check your plan to see if you might be affected.

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Netflix last raised prices in the U.S. in October 2015 when its Standard subscription went from $8.99 to $9.99 for new members.

IBD'S TAKE: Netflix stock has an IBD Composite Rating of 88, meaning it has outperformed 88% of stocks in key metrics over the past 12 months. Leave us a comment and let us know what you think about it. Meanwhile, it also increased its spending on original content to $6 billion just this year. In the United Kingdom, it's going from £7.49 to £7.99 a month. The new rates, which are already on the service's sign-up page, go into effect in November.

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