this post was submitted on 03 Oct 2023
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Netflix is planning to raise prices… again (www.theverge.com)
submitted 1 year ago by Number1SummerJam to c/technology
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[–] TwilightVulpine 33 points 1 year ago (3 children)

Some people seem to believe the customers are suckers who will eternally take the price hikes, but even the most gullible fool still doesn't have infinite money. At some point they'll have to cut something or the bank will cut it for them.

Well, back to the seas it seems. It was fun while it lasted. One might as well pay for a VPN instead.

[–] jimbolauski 10 points 1 year ago (2 children)

I'm sure they did the math they've calculated that the increases will offset the loss is subscribers. From the article it looked like the royalties will increase so less subscribers paying more is even more profitable.

[–] TwilightVulpine 5 points 1 year ago

It wouldn't be the first time companies precisely calculate next quarter earnings and fail to account for the long term survival of their business.

[–] assassin_aragorn 1 points 1 year ago (1 children)

Honestly I'm beginning to think it's a myth that they "did the math" with how many have made bad decisions.

[–] jimbolauski 1 points 1 year ago

Their last price hike they lost 3-5% of their subscribers, the 30% price hike made up for it.

[–] deafboy 8 points 1 year ago* (last edited 1 year ago)

The customers are suckers who will take a lot. Look up skylink satellite tv provider, and their "always free" tier that's currently 6,90€ a month.

They gave it for free just around the time analog tv was being decomissioned. And after they've captured the large userbase, who couldn't switch back, they pulled the trigger.