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All the ways streaming services are aggravating their subscribers this week (arstechnica.com)

submitted 7 months ago by ForgottenFlux to c/technology

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Below is a look at the most exasperating news from streaming services from this week. The scale of this article demonstrates how fast and frequently disappointing streaming news arises. Coincidentally, as we wrote this article, another price hike was announced.

We'll also examine each streaming platform's financial status to get an idea of what these companies are thinking (spoiler: They're thinking about money).

Netflix starts killing its cheapest ad-free plan in June

Sony bumps Crunchyroll prices weeks after shuttering Funimation

Peacock is raising prices

Fubo cuts 19 channels

In a seemingly desperate push, many streaming services prioritize revenue and profits ahead of building the best streaming service for customers.

We could go on about how this might force people to reconsider their subscriptions, but we should publish before another service makes yet another policy change.

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[–] darganon 9 points 7 months ago

Netflix is a public company, you can just go look at how wrong you are about this.

They took in $9.3 billion in Q1 2024, and spent $702 million on "technology" and $3.7 billion on adding "content assets"

Their net profit was $2.3 billion, for one quarter. They could afford to just charge less money, but the line must go up.