this post was submitted on 27 Feb 2024
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Streaming customer growth has plateaued. So they are increasing prices to try to increase revenue — because people are too lazy to cancel.
https://www.forbes.com/sites/zacharyfolk/2024/02/27/streaming-service-growth-halved-in-2023-but-customers-still-return-after-canceling-subscriptions/
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
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.