Netflix Netflix Plans To Raise Prices After Actors Strike Ends

Slashdot

Slashdot

Regular
Joined
Sep 8, 2023
Netflix plans to raise the price of its ad-free service a few months after the continuing Hollywood actors strike ends, the latest in a series of recent price increases by the country's largest streaming platforms. From a report: The streaming service is discussing raising prices in several markets globally, but will likely begin with the U.S. and Canada, according to people familiar with the matter. It couldn't be learned how much Netflix will raise prices by or when exactly the new prices will take effect. Over the past year or so, the cost of major ad-free streaming services has gone up by about 25%, as entertainment companies look to bring their streaming platforms to profitability and lead price-conscious customers to switch to their cheaper and more-lucrative ad-supported plans. Streamers are also starting to look at how they can create new pricing tiers around exclusive programming, such as live sports, without running the risk of driving people away from their core offerings.


Read more of this story at Slashdot.

Continue reading...
Click to read more...
 
FirstWorldProblems

FirstWorldProblems

TCG Elite Member
Staff member
TCG Premium
Super Moderator
Joined
Sep 6, 2006
Location
Crown point, IN
goddamn these guys raise prices often...so now they're going to raise prices despite a surely significant gap in new content...which will hit as soon as the price increase hits? So you'll be paying more for the stuff you've already seen?

I think it's about time for me to cancel netflix just to let new stuff build up over the next few months. Having netflix for 6ish months a year max seems like the way to do it
 
Jimbo

Jimbo

THE JEW CREW
TCG Premium
Goldmember
Joined
Aug 16, 2005
As soon as I can cut out cable, I will. We don't watch any live TV anymore, just all the streaming apps.
 
FirstWorldProblems

FirstWorldProblems

TCG Elite Member
Staff member
TCG Premium
Super Moderator
Joined
Sep 6, 2006
Location
Crown point, IN
Mook said:
The strike is over. Let's see the gouging.
Click to expand...
Actor's strike isn't over yet, but yes there will be gouging.

I swear the sheer volume of low budget, short-season GARBAGE shows exploded during the transition to streaming. Then they blame the failures on writers and technology...when really it's that nobody wants to watch 80% of what's being churned out
 
Mook

Mook

Mr. Manager
Staff member
Admin
TCG Premium
Joined
May 23, 2007
Location
Elgin
N20GT said:
Actor's strike isn't over yet, but yes there will be gouging.

I swear the sheer volume of low budget, short-season GARBAGE shows exploded during the transition to streaming. Then they blame the failures on writers and technology...when really it's that nobody wants to watch 80% of what's being churned out
Click to expand...
Oh shit, I thought it was done.
 
Pewter-Camaro

Pewter-Camaro

TCG Elite Member
Joined
May 28, 2011
Location
South of Wisconsin.
Yeah canceled Netflix and all this streaming shit a looobg time ago. These days itā€™s Amazon prime and I have basic cable again and use the xfinity app on the fire TV to watch live TV and recorded shit. The xfinity app is solid. Functions the Same as the box.
 
SpeedSpeak2me

SpeedSpeak2me

TCG Elite Member
TCG Premium
Joined
Aug 27, 2018
And the prices are going up, just like they said:

www.macrumors.com

Netflix Raising U.S. Prices Yet Again, Premium Plan Now Costs $23/Month

Netflix today said that it is increasing the cost of some of its subscription plans in the United States, the UK, and France. Prices will be going...
www.macrumors.com www.macrumors.com

Netflix today said that it is increasing the cost of some of its subscription plans in the United States, the UK, and France. Prices will be going up for the Basic and Premium plans in those three countries.

In the United States, the price of the Basic plan will increase from $9.99 to $11.99 per month, while the price of the Premium plan will increase from $19.99 to $22.99 per month. The ad-supported tier price will remain the same at $6.99 per month, as will the $15.49/month Standard plan.

Netflix no longer offers the Basic plan to new subscribers in the United States, but prices will presumably increase for existing subscribers. The Premium Netflix plan is the only plan that provides access to 4K video streaming and spatial audio. The $15.49 Standard plan and the ad-supported plan are limited to 1080p.

Netflix announced the price hikes in its earnings call for the third quarter of 2023 [PDF], which took place today. Netflix said that it added 8.8 million new subscribers, up from 2.4 million new subscribers in the year-ago quarter. Revenue came in at $8.54 billion, up from $7.9 billion last year.

Subscriber growth comes after Netflix began cracking down on password sharing between households. Netflix says that cancel reaction to the password sharing limitation "continues to be low," exceeding its expectations.
 
FirstWorldProblems

FirstWorldProblems

TCG Elite Member
Staff member
TCG Premium
Super Moderator
Joined
Sep 6, 2006
Location
Crown point, IN
Bob Kazamakis said:
Was surfing Netflix last night and legit couldnā€™t find anything to watch, they also seem to be changing the thumbnail pics on shows and no longer show youā€™ve watched something in some attempt to trick you? I donā€™t know, fuck them.
Click to expand...
I started watching Suits on netflix right after I cancelled, got 1.5 seasons in before the remaining time lapsed and it's not available on Hulu or Prime. I'm sure it'll rotate to one of those soon enough so i'll just wait

I hope a lot of people drop it due to these increases. I'm not signing back up until F1 DTS comes out, which is normally march
 
Receive Email Updates
Top Bottom