Streaming competitor Disney+ is looking to boost revenue with live sports tier
“Netflix plans to go bankrupt by increasing the price on its bunch of garbage that everyone’s tired of”
FTFY…
Everybody said that when they cracked down on password sharing.
Overall subscriptions went up.
Primarily in regions where subscription price was lower, though.
Their revenue didn’t really go up much compared to the number of new subscribers they showed off to investors afterwards
https://www.macrotrends.net/stocks/charts/NFLX/netflix/revenue
normies got caught off guard and used their free trial to finish a show they where watching. oh look subs went up.
I would cancel in disgust, but I already did that the last time they raised prices.
This is a tactic to make people dislike unions…
Why?
Considering all their reality bs they don’t pay anything for writers and not much more for actors.
This isn’t great. With all the cracking down on password sharing, less (quality) content due to every studio wanting their own streaming service the user experience is getting increasingly shitty. I think it’s a matter of time before a lot of people get their old pirate hats out of storage.
I’m already sailing the seas!
We always knew they wouldn’t give up their profits, so they’re just passing off the expense to us.
Yar har fiddle dee dee
In this thread: I hear the theme song to “Pirates of the Caribbean”. Weird.
Surely this will be looked back on as a wise and trust building move, by the future CEO and VP of Netflix, alone in their shared studio apartment, that they run the remainder of Netflix out of. Their one remaining employee will know better, but be too polite to say so.
The pirate hat sits well upon my head.
Hopefully people smarten up and cancel this time.
Good luck with that. I have a list of shows I follow, and there used to be some 15 titles from Netflix, now I’m down to 6.
Sex education and cobra Kai finish this year. That’s 4.
Stranger things in
20532025. That’s 3.I’m left with two Korean shows, woo lawyer and squid game, whenever they come, and Wednesday, which I’m a lot less passionate for than many.
If they spent less money on productions and put more of that money into writing maybe they’d produce less shit and they wouldn’t need to hike prices. Frankly, they are quickly becoming the least attractive streaming service. I’d say amazon prime video, but I get that as a bonus with prime.
Isn’t that price gouging? Isn’t price gouging illegal?
No, price gouging has a specific meaning relating to spikes in demand often in conjunction with a disaster, like doubling gas prices during a hurricane.
But raising prices for a non-essential good will probably never be gouging.
also, peak pricing is generally legal, price gouging isn’t illegal everywhere, and the definition is sometimes vague due to, you know, how vague the concept is—the definition usually includes some version of “excessive” or “extreme” pricing.
So like, if you have trouble getting food into your grocery store after a disaster, and you have to charge a little more, you’re probably safe—the idea behind price gouging ins more what happens when all the grocery store owners quadrupled their prices as they twist their moustaches and laugh, saying, “what are you going to do, not eat?”
It’s not really price gouging. There’s no particular supply/demand crisis to take advantage of. There’s plenty of supply of streaming. Even free stuff enough for a lifetime, so it’s completely voluntary to throw this or that amount at some greedy company testing the price limits.
The supply has been cut by the strikes. Viewers want new content, not old content.
I honestly haven’t seen anybody complain that there’s nothing to watch, have you? Would you really say that people are in shock over the total lack of television available?
I mean, in the past week or so, I’ve seen new episodes of Only Murders in the Building, Futurama, Bob’s Burgers, The Simpsons, Sex Education, Adventure Time, Archer, Tacoma FD, Star Trek Lower Decks, and Tacoma FD. That’s just the shows I’m tracking, I’m sure I missed something good. On Thursday, we’re getting new seasons of Loki and Our Flag Means Death. and HBO cancelled Winning Time mid-season because they really weren’t that desperate for a few extra episodes.
Are subscriptions down? My friends don’t seem too upset about the “shocking lack of content” that seems to exist in your head.
I honestly haven’t seen anybody complain that there’s nothing to watch, have you?
Now? No. Because they still have things they can release. When those run out, and they will relatively soon, they will be in trouble.
They’ve been pacing themselves. They planned for the strike well before it started. It’s not going to dry up suddenly the day the actors get back to work.
yeah “price gouging” is not the same thing as “increasing prices a lot” or “increasing prices at a time that makes people think, ooh wee, that’s not a very nice thing to do.”
Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock.
https://en.wikipedia.org/wiki/Price_gouging
Price increased. Supply shock due to strikes. Sounds like price gouging to me.
You can’t really price gouge goods with elastic demand though, where demand rises and falls with the price. Luxury goods like streaming services even doubly so because they are in no way, shape, or form necessary things. If people pay the price for a luxury good that they don’t need, then by definition it’s a fair price.
Netflix isnt a necessity. Don’t like the price, don’t buy the service. It really is that simple.
Also, price gouging is only illegal in the US for necessities in declared civil emergencies.
“Supply Shock” is not “oh no, now we have to pay writers a little more” or “we’ll have a couple fewer new shows in the next year,” it’s usually “the city’s water supply has been tainted and trucks aren’t able to get bottled water in as fast as before, now we can charge eight times as much for bottled water!” or “well, there was a hurricane that took out half the tomatoes in Italy, and for the next few weeks, the people who do have tomatoes have NYC Pizza shops by the balls.”
And the price increase usually isn’t a few dollars, but like, the prices doubling or tripling or more.
They will have higher overhead from the writers demands, that cost is usually passed onto consumers
Bullshit. What they have to pay to the writers is minuscule compared to their profits. They’re giving up less than 1% of their revenue.
I’m just telling you how it works, man.
Gotta show quarter over quarter growth. You don’t have to like it, but don’t take it out on me
They will still have that growth. Just a fraction of a percent less. And they are using that to justify raising their prices.
Revenue growth down from 3% to 2% is significant, especially considering that’s an even bigger hit to growth in profits. They want to make their investors happy, they have a perfectly reasonable PR cover to raise their prices by a few dollars a month, so they’ll do it. What part of this is confusing?
Again, less than 1%. Read the article.
Here, I’ll even paste the relevant part:
The guild then compared these costs to companies’ annual revenues and calculated the percentage that these costs would represent compared to those profits. The costs would account for 0.091 percent of Disney’s revenue, 0.214 of Netflix’s, 0.108 percent of Warner Bros. Discovery’s, 0.148 percent of Paramount Global’s, 0.028 percent of NBC Universal’s and 0.006 percent of Amazon’s, the WGA claims.
Are you really going to claim that 0.214% less revenue justifies a price hike?
one of their large investors saying “hey, hike prices” justifies a price hike. A profit reduction equal to .214% of revenue (and other concessions that could hurt the company in other ways) is far more than the amount of justification they need.