It's been rumoured for a while, but Netflix has formally announced a price rise for customers in the UK and EU. See also: Netflix vs LoveFilm Instant (Prime Video) comparison review: What's the best streaming service?

In the UK, the monthly cost goes up from £5.99 to £6.99. In the EU it rises from €6.99 to €7.99. The changes were announced in an email sent to subscribers this morning (mine's above).

In an attempt to prevent negative reactions from subscribers, Netflix says in the email that it 'as a thank you for being a member of Netflix already' won't be raising prices for current subscribers for another two years. See: Netflix to introduce price increase: New subcribers to start with.

Netflix has also drawn attention to films and programmes it's added recently – and listed a few new shows and films that are coming soon to Netflix UK, including Ryan Gosling-starrer Only God Forgives, US TV show Nurse Jackie and the second season of Netflix's own prison drama Orange Is The New Black.

The Netflix home page still lists the price as £5.99 per month and the free trial option remains. Read: How to get American Netflix in the UK.

While the extra pound may be annoying, Netflix has said that the extra money will enable it "to acquire more content and deliver an even better streaming experience."

The firm is not only making original content but taking a lead on 4K resolution streaming. The popular House of Cards series is avaialble in 4K, or Ultra HD, and Breaking Bad will be relaunched in the new format this summer. Netflix also plans to remaster Orange Is The New Black in 4K.