Is Netflix raising subscription cost to $49.99 as of March 1?

Context

Netflix co-CEO Ted Sarandos alluded to a potential subscription fee increase while defending the company’s acquisition of Warner Bros. before the Senate’s antitrust subcommittee on Feb. 3. However, details of any potential hike remained unconfirmed as of this writing. Sarandos emphasized that any increase would depend on perceived value for subscribers.