Netflix Inc has increased its monthly subscription price by USD 1 to USD 2 per month in the US and Canada, said the US multinational company on Friday. This increase in monthly subscription price is attributed to helping fund new programming to compete in the crowded streaming TV market. “We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members,” a Netflix spokesperson said. “We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans…