this post was submitted on 17 Oct 2023
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Netflix may hike prices after success of password-sharing crackdown::Netflix's crackdown on password-sharing likely boosted subscribers by about 6 million in the third quarter and the streaming pioneer is expected to set the stage for price increases when it reports earnings on Wednesday.

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[–] phoneymouse 131 points 1 year ago (2 children)

I already cancelled my account. Netflix is too expensive already. Why would I pay more?

[–] [email protected] 63 points 1 year ago (1 children)

For real, their content isn't even that compelling of an argument to keep paying for it anymore, especially when we all know that if they did manage to make the first season of a show that ends up being good they'll just not renew it.

[–] Sunroc 29 points 1 year ago

If they kick me off the account I am on I will finally be free of falling in love with a series just for them to cancel it after 1 amazing season.

People talk shit about other streamers, but Netflix is by far the worst for this

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[–] CriticalMiss 85 points 1 year ago (2 children)

And the enshittification continues..

[–] buzz86us 29 points 1 year ago (2 children)

Horray for end stage capitalism

[–] [email protected] 9 points 1 year ago (2 children)

Can we be post capitalism already?

[–] reagansrottencorpse 17 points 1 year ago (1 children)

Probably after the planet is mostly uninhabitable.

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[–] sturmblast 77 points 1 year ago

$20/month for shit content. Dead to me.

[–] CobblerScholar 68 points 1 year ago

There you go biting the hand that feeds you again

[–] AlmightySnoo 66 points 1 year ago* (last edited 1 year ago) (4 children)

Wait, so their excuse for hiking prices before was that they were losing money because people were sharing their accounts, so they "had to" hike the prices for those who subscribed to "compensate" for that. Now that they succeeded in their crackdown on password-sharing, which means more subscribers in theory, they figured that they still need to hike prices again? Someone please show me the logic here?

[–] Hoomod 56 points 1 year ago

Capitalism demands perpetual and unlimited growth forever

[–] markr 27 points 1 year ago (2 children)

The logic is there is no other way to increase profits. Netflix has maxed out its subscriber base. They can only ‘grow’ by raising the rent, selling ads, and reducing production costs. They are doing all three. Netflix is not alone. The Great Enshittification is global.

[–] AA5B 8 points 1 year ago

It took a long time for enshittification of cable to make that industry collapse: hopefully this is another case where the internet greatly accelerates that feedback

All my life I saw people (myself included) addicted to passively watching TV and we continued as things got worse and worse. However now they’re breaking the cycle, no more senseless loyalty, no more being a slave to some marketer’s schedule. I have much less interest in dealing with this than I used to, and my kids have never had the same addiction. Do streaming companies know or care that they’re sacrificing their future customer base?

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[–] beebarfbadger 20 points 1 year ago

"Yes, but that was LAST week. This is our excuse THIS week."

[–] [email protected] 15 points 1 year ago

Logic: “We want more money.”

[–] [email protected] 45 points 1 year ago
[–] Buddahriffic 41 points 1 year ago (6 children)

Netflix, if you're paying any attention here, there will be no raising prices to drive me to the ad tier. Either the ad free version is worth it or I'll continue my life without Netflix. I'll never go back to the cable ad experience.

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[–] [email protected] 40 points 1 year ago (2 children)

Tighten the straps, then tighten the screws. Repeat.

Does it seem like all business models are the same nowadays?

[–] [email protected] 14 points 1 year ago (2 children)

I mean, it works. Why would anyone do anything different?

[–] [email protected] 12 points 1 year ago

It's the sort of model that works untill it doesn't.

And the metric to know how well it works is piracy. Because Netflix don't release numbers for subscription cancellations. The more piracy goes up, the more people can be said to be leaving the paid subscription streaming service.

Piracy, it's a service issue.

After we return back to pre-netflix-heyday piracy levels, all streaming services will slowly be relegated to the same status cable companies occupy today.

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[–] [email protected] 9 points 1 year ago

The line must go up!

[–] [email protected] 40 points 1 year ago

Didn't they just raise prices "due to the writers strike"?

if they need to raise rates this much this often they are crap at forecasting and or (more likely) they are just full of shit and are just making up excuses to generate revenue after seeing how many people tolerated the password crackdown.

[–] mawkishdave 27 points 1 year ago

I am so surprised about this, who could have seen that coming /s

[–] [email protected] 27 points 1 year ago* (last edited 1 year ago) (3 children)

People let them get the tip in, is it any surprise that they are going balls deep now?

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[–] [email protected] 27 points 1 year ago

Pretty happy i dumped these guys. Now every time Netflix News hits i get to revel in my decision instead of being anger at being fleeced.

Piracy has only gotten easier so...

[–] Bwaz 27 points 1 year ago (3 children)

I'm ready to cancel. Their programming has been getting worse over time anyway.

[–] [email protected] 12 points 1 year ago* (last edited 1 year ago)

Yay! Another fucking food/crafting competition!

[–] Red0ctober 10 points 1 year ago

Do it. I cancelled 2 weeks ago and haven't looked back. Netflix is filled with self referential, formulaic films, shows that had a good season 1 but got axed, and shows that sucked but somehow got the engagement metrics up enough to stick around. Occasionally there's a show that's good and stocks around, but ends up a stinker as the seasons progress.

The only thing I miss is Korean dramas, but there's Viki for that.

[–] seaQueue 6 points 1 year ago

I wake our account up for a month or two a year. They don't have enough quality content to justify a nonstop subscription and haven't since the great streaming market fracture like 5-6y ago.

[–] [email protected] 25 points 1 year ago

Say it ain't so! Who could have known?

[–] kescusay 22 points 1 year ago (7 children)

I've been a Netflix subscriber for a long time. The ease of use, the broad catalog of weird foreign films and shows, and the kid-friendly content have kept me on board after ditching Hulu, Disney+, and pretty much every other streaming service. And I have the disposable income to make the convenience worth it, even though I'm fully capable of, shall we say, sailing the high seas.

If they do this, I'm dropping Netflix. It's just not worth it anymore.

Netflix should take the departure of people like me as a canary in the coal mine. If I leave, then other long-term, formerly-happy customers will depart, too. This will be the start of a death spiral.

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[–] JoeKrogan 21 points 1 year ago

May as well make it 100 per month. Bunch of greedy fucks 🤡

[–] GrammatonCleric 19 points 1 year ago

Netflix acting like they got content worth paying any amount of money for 🤣

[–] [email protected] 18 points 1 year ago (1 children)

How has HBO been consistently $15 a month for decades it seems, and now suddenly this model requires everyone to hike their prices to hell and back? I think I would be willing to believe that $15/mo is the magic number, except that everyone is rocketing past that now. Now it's just garbage corporations turning a quick buck for executives and shareholders, as subscribers we aren't getting any more for our money - there's no feature release or massive influx of content. What a shit system we have.

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[–] jerome 15 points 1 year ago* (last edited 1 year ago) (2 children)

Mullvad VPN is 5 bucks a month

[–] [email protected] 13 points 1 year ago (3 children)

My Usenet backbone & indexer cost 5 USD per month as well.

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[–] [email protected] 15 points 1 year ago (1 children)

There is little reason to keep any streaming service for more than a month per year. Sub, binge, cancel, move on.

There's not enough worthwhile content on any of them to maintain an ongoing subscription.

[–] sebinspace 12 points 1 year ago

Self hosting forever!!

[–] [email protected] 13 points 1 year ago

chuckles in not paying and still accessing the same content

[–] Holyhandgrenade 12 points 1 year ago

I don't know why, but I'm still able to use my parents' Netflix account. Maybe it's because I turned off automatic updates on my TV before the crackdown started.

[–] Ibex0 12 points 1 year ago (2 children)

I think they're overestimating their demand. I like them less now, and they may raise prices again? 🤔

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[–] [email protected] 10 points 1 year ago (3 children)

So I have to check because I haven't noticed this have, they actually implemented this crackdown for everyone everywhere, because I'm successfully sharing my Netflix password with my parents and nothing seems to have happened yet.

The original plan was to keep going with Netflix until they actually shut down the account because I'm only really maintaining it for my parents, but Netflix have ruined it by not doing anything.

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[–] [email protected] 10 points 1 year ago

I think they are lying about getting more subscribers.. they lost more than they gained.. now they need to reis the cost because of the loses

[–] Gingerlegs 9 points 1 year ago

I cancelled in May. I don’t even miss it, lol

[–] [email protected] 8 points 1 year ago

Urgh. The only people in our house who watch it are the kids for cake based reality shows and Lego animation. So as soon as they raise the prices it's getting cancelled.

[–] datelmd5sum 7 points 1 year ago

NordVPN was $2.5 / month for a 2 year subs.

[–] MaxPow3r11 6 points 1 year ago

Fuck these capitalist fucks.

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