if you use Netflix, get ready for another increase in prices. Here's where the price increase will hit consumers.

 

Netflix will increase their price of its Internet video service by $1 for new customers in the U.S., Canada and some Latin America countries. Netflix states the increase is needed to help cover its escalating costs for shows such as "House of Cards" and other original programming.

Matt Cardy, Getty Images

According to ABC Chicago, "The new price of $10 per month for Netflix's standard plan - its most popular - marks the second time in 17 months that Los Gatos, California, company has boosted its U.S. rates by $1. The trend reflects the financial pressure that Netflix is facing as it competes against Amazon.com, HBO and other services for the rights to TV series and movies that will expand its audience".

Subscribers, like my daughter and her friends, who have been with Netflix since May 2014, will still pay $8 per month under a two-year rate freeze adopted when the company last raised its U.S. prices by $1. But if you signed up since the last price increase, get ready to pay $9 per month until October 2016.

Happy viewing y'all.