this post was submitted on 03 Oct 2023
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it's amazing that they think people are going to continue to pay them at these prices for no content
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.
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.
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.
Honestly I'm beginning to think it's a myth that they "did the math" with how many have made bad decisions.
Their last price hike they lost 3-5% of their subscribers, the 30% price hike made up for it.