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submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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@lemmy.world 131 points 8 months ago

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

[-] dhtseany@lemmy.ml 63 points 8 months ago

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@lemmy.world 29 points 8 months 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@lemmy.world 84 points 8 months ago

And the enshittification continues..

[-] buzz86us@lemmy.world 29 points 8 months ago

Horray for end stage capitalism

[-] asexualchangeling@lemmy.ml 9 points 8 months ago

Can we be post capitalism already?

[-] reagansrottencorpse@lemmy.world 17 points 8 months ago

Probably after the planet is mostly uninhabitable.

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[-] sturmblast@lemmy.world 76 points 8 months ago

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

[-] CobblerScholar@lemmy.world 68 points 8 months ago

There you go biting the hand that feeds you again

[-] AlmightySnoo@lemmy.world 66 points 8 months ago* (last edited 8 months ago)

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@lemmy.world 56 points 8 months ago

Capitalism demands perpetual and unlimited growth forever

[-] markr@lemmy.world 27 points 8 months ago

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@lemmy.world 8 points 8 months 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@lemmy.world 20 points 8 months ago

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

[-] KairuByte@lemmy.dbzer0.com 15 points 8 months ago

Logic: “We want more money.”

[-] yote_zip@pawb.social 45 points 8 months ago
[-] Buddahriffic@lemmy.world 41 points 8 months ago

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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Tighten the straps, then tighten the screws. Repeat.

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

[-] Taian@sh.itjust.works 14 points 8 months ago

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

[-] Da_Boom@iusearchlinux.fyi 12 points 8 months 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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[-] Blackmist@feddit.uk 9 points 8 months ago

The line must go up!

[-] restingboredface@sh.itjust.works 40 points 8 months 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.

[-] noisypine@infosec.pub 27 points 8 months ago* (last edited 8 months ago)

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

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[-] mawkishdave@lemmy.world 27 points 8 months ago

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

[-] Bwaz@lemmy.world 27 points 8 months ago

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

[-] BlinkerFluid@lemmy.one 12 points 8 months ago* (last edited 8 months ago)

Yay! Another fucking food/crafting competition!

[-] Red0ctober@lemmy.world 10 points 8 months 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@lemmy.world 6 points 8 months 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.

[-] the_post_of_tom_joad@sh.itjust.works 27 points 8 months 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...

[-] InFerNo@lemmy.ml 25 points 8 months ago

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

[-] kescusay@lemmy.world 22 points 8 months ago

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@lemmy.world 21 points 8 months ago

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

[-] GrammatonCleric@lemmy.world 19 points 8 months ago

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

[-] tilgare@lemmy.dbzer0.com 18 points 8 months ago

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@lemmy.world 15 points 8 months ago* (last edited 8 months ago)

Mullvad VPN is 5 bucks a month

[-] briongloid@aussie.zone 13 points 8 months ago

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

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[-] kent_eh@lemmy.ca 15 points 8 months ago

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@lemmy.world 12 points 8 months ago

Self hosting forever!!

[-] Send_me_nude_girls@feddit.de 13 points 8 months ago

chuckles in not paying and still accessing the same content

[-] Holyhandgrenade@lemmy.world 12 points 8 months 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@lemmy.world 12 points 8 months ago

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

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[-] echodot@feddit.uk 10 points 8 months ago

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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[-] Nathandee@lemmynsfw.com 10 points 8 months 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@lemmy.world 9 points 8 months ago

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

[-] rubikcuber@feddit.uk 8 points 8 months 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@lemmy.world 7 points 8 months ago

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

[-] MaxPow3r11@lemmy.world 6 points 8 months ago

Fuck these capitalist fucks.

[-] kaitco@lemmy.world 6 points 8 months ago

I was about to cancel my Netflix when I saw that I’m grandfathered into $10/month for ad-free. The only thing I find worth watching there are K-Dramas these days and that’s roughly the cost of a Viki Rakuten account, so I’ve decided to keep it…for now.

The second anything requires me to change from my current sub, that’s a wrap.

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this post was submitted on 17 Oct 2023
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