Streaming customer growth has plateaued. So they are increasing prices to try to increase revenue — because people are too lazy to cancel.
Netflix Poised to Raise Prices in 2024 as It Continues to Gain Share of TV Viewing
Submitted 8 months ago by neme@lemm.ee to moviesandtv@lemm.ee
https://variety.com/2024/digital/news/netflix-price-increase-2024-analyst-1235923872/
Comments
reddig33@lemmy.world 8 months ago
scrubbles@poptalk.scrubbles.tech 8 months ago
Shocking, the pandemic may have inflated the subscriber counts for them. Of course rather than see that and switch to a stable stock, they just have to have infinite growth, even though that’s ridiculous post pandemic
Bakkoda@sh.itjust.works 8 months ago
It was a glimpse into revenue they were desperately trying to achieve again but almost never will despite every lie about why they have to increase pricing.
Anticorp@lemmy.world 8 months ago
It’s amazing how good for my mental health cancelling all of my streaming services and returning to the high seas has been! These headlines used to cause me a little bit of stress, now I just go “LOL” and move on with my day.
Omgboom@lemmy.zip 8 months ago
The year is 2032, a Netflix subscription costs $146
ShepherdPie@midwest.social 8 months ago
For real. What is this the 3rd or 4th price hike in a couple years? I wound up dropping from the 4k four screen plan to the $6.99 ad riddled plan because my mother in law likes to watch K dramas while she’s over babysitting. Everything else is on Plex. What a rapid downfall of what used to be a great service.
Someonelol@lemmy.dbzer0.com 8 months ago
What the hell are they gonna use that money for? They kill off so many shows by the second season it’s hard to trust they’ll provide a satisfying end to any of them.
TheOctonaut@mander.xyz 8 months ago
G R O W T H
sadreality@kbin.social 8 months ago
Well peasants keep paying... Why wouldn't owner class fuck them for profit?
At this point, we got what we deserve. Y'all are rich enough for this. Good for you.
scrubbles@poptalk.scrubbles.tech 8 months ago
The sharing crackdown is what got me to cancel.
Watching idiots in the states gladly bend over and say thank you for the lessened convenience was got me to stay cancelled. So many idiots were just “oh yup of course they need to do this it’s not a blatant money grab”.
survivalmachine@beehaw.org 8 months ago
Unfortunately, I’m still supporting them by proxy. T-MOBILE is the only cell provider that gets reasonable coverage around my area and they give us free Netflix basic. We were paying a few dollars extra to expand that to 4 screens, but we cut out the extra bit last year.
Talaraine@kbin.social 8 months ago
ferrisbuelleryou'restillhere.gif
ModernRisk@lemmy.dbzer0.com 8 months ago
Sail the high seas people, sail the high seas.
Better quality, less to zero costs and not dependent on streaming services.
dmtalon@infosec.pub 8 months ago
Well, they have to have some customers or they’ll go away. I’m still with them for now, but each rate increase has always brought up questions of cost to value. I’m not against what you’re suggesting, but again… these services do have to make money to stay around. My problem is now there’s like a dozen different streaming services with content spread across.
In the past I’ve downgraded my Netflix ‘service’ as they have raised the rates. Not sure there’s much downgrading left before I’m either forced to live with the rate or leave.
Will cross that bridge when I get to it.
Overzeetop@beehaw.org 8 months ago
At this point I have so much content backed up that I haven’t watched I’m not sure I’ll get through it all before I die. I say let Netflix perish on the pike of their own enshitification (ads and price increases).
echo64@lemmy.world 8 months ago
I’m okay with them going away. The existence of that one particular company is not a net benefit to society.
CobblerScholar@lemmy.world 8 months ago
Not only are there dozens of services they constantly bicker and fight amongst themselves over what service in what country gets what media but all seemingly agree that they will raise prices seemingly on a whim. Like get your hand out of my pockets and stop making me play geopolitics to watch some damn TV
Anticorp@lemmy.world 8 months ago
Yo ho ho, and a bottle of rum!