this post was submitted on 17 Oct 2023
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381
Netflix may hike prices after success of password-sharing crackdown (www.reuters.com)
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world
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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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[โ€“] tilgare@lemmy.dbzer0.com 18 points 11 months 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.

[โ€“] mtdyson_01@lemmynsfw.com 4 points 10 months ago

You answered your own question "Now it's just garbage corporations turning a quick buck for executives and shareholders" executives must continually find more profit to appease the shareholders, the only way to do that consistently is raise prices, there are too many people that will just keep paying and paying and the corporations know it.