Netflix informed on Friday that it is increasing the prices for video streaming customers in the US and Canada.

The company reported that prices are set to rise between $1 and $2, depending on the plan. The "standard" plan, which is the most widely used, is going up $1.50 to $15.50, while the 4K plan will grow to $20 per month from $18. The basic plan, which doesn't include HD, rises to $10 per month from $9. The Canadian version is also increasing its prices, excluding the basic plan.

"We're updating our prices so that we can continue to offer a wide variety of quality entertainment options," a Netflix representative said in a statement. The new prices will be effective as of Friday.