A person displays Netflix on a tablet in North Andover, Mass. Photo: Elise Amendola / AP

Netflix is raising the price on its most popular video plan from $10 a month to $11 a month, a change which could affect most of Netflix's 53 million U.S. subscribers. The plan in question allows users to stream simultaneously from multiple devices. Netflix is also charging more on its ultra-high definition video streaming, which is going up from $12 a month to $14 a month.

Why it's happening: Netflix is trying to foot the bill to subsidize increased programming costs, in part due to original programming in the pipeline (its first original programming only just kicked off in 2013 with "House of Cards"). It's expected to spend nearly $7 billion on programming this year alone to meet consumer demands, and costs may rise more for Netflix to stay competitive with other on-demand video platforms.

Users can expect an email Oct. 19 and they'll be given 30 days to act — either agree to the increased charges, change plans, or cancel the subscription altogether.

Not up for changes: A plan that only allows you to watch Netflix on one device at a time (sans high-def) will remain at $8 per month.

Go deeper: Compare content spend by the numbers.

Go deeper

"Hamilton" is a streaming hit for Disney+

Data: Google Trends; Chart: Andrew Witherspoon/Axios

The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.

Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.

With new security law, China outlaws global activism

Illustration: Eniola Odetunde/Axios

The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.

Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.