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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[–] loopednetwork@lemmy.sdf.org 5 points 8 months ago (3 children)

I re-subscribed to Netflix for the first time in about a year and a half a couple of months ago. After watching a few things periodically, I'm already lukewarm on the content. I just got an antenna so I can watch some local things (news, sports, etc.) and I'm not sure I'll bother with Netflix going forward. I see another cancellation looming in my future, and that'll only come faster if they decide to increase the price yet again. Most of the time I already feel like I'd rather be reading a book than watching TV.

[–] rckclmbr@lemm.ee 1 points 8 months ago (1 children)

I just resubbed for Fall of the House of Usher. I'll watch that and the new Adam Sandler, then will unsub again. I have no problem with paying for things that provide value, but its stupid to keep paying if I'm not going to use it

[–] iegod@lemm.ee 1 points 8 months ago

The ocean calls...

[–] autotldr@lemmings.world 4 points 8 months ago

This is the best summary I could come up with:


Oct 16 (Reuters) - Netflix's (NFLX.O) 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.

The only profitable major streamer, Netflix has resisted joining rivals like Walt Disney (DIS.N) in hiking ad-free prices this year and instead curbed password-sharing outside households to tap the more than 100 million viewers who use its service without subscribing.

Five months after calling a strike that plunged Hollywood into turmoil, the Writers Guild of America (WGA) last week approved a new contract with major studios.

After a slow start for the ad plan launched last year, analysts said they expect Netflix will raise prices of its ad-free options in the coming months to nudge more subscribers to the other tier, where commercials help bring in more revenue per user.

"Using these tactics, Netflix will likely double its ad-supported viewership next year," said Insider Intelligence analyst Ross Benes.

Overall, Wall Street expects the streamer to post its strongest quarterly subscriber additions this year, according to LSEG data.


The original article contains 362 words, the summary contains 186 words. Saved 49%. I'm a bot and I'm open source!

[–] InternetUser2012@midwest.social 3 points 8 months ago

They can do whatever they want. I've been done with them for a while. If they put something out worth watching, I'll hit the high seas.

[–] ropegirth@lemmynsfw.com 2 points 8 months ago

I subscribe for like one month a year if stuff I like has accumulated. It's not worth more, I bet one moth will soon be $150, or "premium content" will only be available to long term subscribers.

[–] iMike@lemmy.world 1 points 8 months ago

They just increased Turkish accounts prices, I’ll be paying £6 now instead of £3 for the top tier account

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