1 yr. ago • 97%

Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers

www.techspot.com Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers

Earlier this month, the Wall Street Journal wrote that Netflix was planning to raise its prices once again. The streamer implemented its last hike in January 2022,...

Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers::undefined

Piracy @lemmy.ml Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers

94 comments

Who cares though, right? We all unsubscribed from that useless streaming service, right?

104
- I mean yeah I suspect most people on Lemmy have. But we’re outliers.
  
  39
- I still get it as part of my phone plan, and hardly ever use it. They’ve conditioned me to not ever get interested in a Netflix show until there’s at least 4 seasons.
  
  19
  
  I get it through my phone plan for free (t-mobile) and I still cancelled my account with Netflix.
  
  2
- Yeah, it's quite ballsy of them to do this when they haven't released anything good in several years.
  
  16
  
  Even if they don't release anything, wtf. There is a huge back catalogue of movies I want to rewatch and stuff I've never seen. I can't remember a single time I searched for a classic movie I wanted to watch and found it on Netflix streaming. Those movies were often available through Netflix DVD though! Enshitification indeed.
  
  19
  
  Given the decline in service quality and the increase of 8.8 million subs in a quarter, they can continue being worse for more and the general public will support it.
  
  The only thing I care about is quality shows being made from good networks, still getting their funding, but streamers are turning into trash TV from the 2000's.
  
  13
- Sure did. They still email me about shit to watch. Dunno why I thought that would stop on its own.
  
  6
- Yeah, I thought I did. I can't even log into Netflix as they say I don't have an account, and yet my PayPal history is showing I've been paying them continuously...
  
  How the fuck can they charge me for an account that doesn't exist!? I just cancelled it today through PayPal, hopefully that stops it. It's absolutely absurd.
  
  6
- Currently costs peanuts in India (have some good friends over there 🥸) and there's no password sharing crackdown yet. Comes down to $2 per person on the highest plan. As long as this continues, I'll stay subbed to Netflix.
  
  3
- It's like the only one that works natively on my mom's TV so that's all she watches 🤷
  
  1
- Tell all your friends and family what a steaming pile of shit it is. Share memes that tell people its a waste of money. Lots of stuff do to
  
  0
  
  Sure, you could do that. But it's better to be pro-alternative than anti-whatever. Personally I'd share jellyfin or Plex with my friends and family and ask them to do the same with whatever movies they have. It's the modern equivalent of lending somebody a DVD and a list of your DVD collection.
  
  18
The prices of Netflix's $6.99 ad-supported plan and the $15.49 Standard tier remain unchanged.

I wouldn't be surprised if they crunched the numbers and realized adverters are desperate for a new place to show ads now that cable is basically dead.

They'll keep raising the prices of ad free hoping people move to the ad supported tier.

If you're ad free, Netflix makes the most profit when you never open it, and may even lose money if you're always streaming something.

On ad plans, they'll keep making money the more people watch. There's no "tipping point" where profits go down the more someone watches.

100
- Spot on. I expect within five or six years most streaming services will have priced ad-free plans out of the average person's budget and then they'll drop them entirely, citing a lack of consumer demand. There's way more money to be made through cablefication.
  
  69
  
  🏴‍☠️🏴‍☠️🏴‍☠️
  
  35
  
  There’s way more money to be made through cablefication.
  
  I mean. Supposedly.
  
  But then again, cable is dead for a reason.
  
  15
  
  Not my money. Piracy is easier at this point anyway. Or God forbid I get a hobby or go outside.
  
  I'd seriously rather watch paint dry than watch commercials.
  
  1
If you have more than two streaming services it now cost more than cable.

We've come full circle, guys!

75
- I’m not sure which streaming services you mean but cable back when I had it YEARS ago was over $120 a month. That was just the tv part, not including internet.
  
  I can’t think of 3 streaming services that come near that price.
  
  41
  
  We're getting there. At one time TV was $40/month
  
  13
  
  Yea you could really pay a lot depending on how many channels you subscribed to and especially if you had premium channels like HBO or Starz.
  
  I'm sure we'll get there though.
  
  3
- Still way better than cable
  
  8
  
  At least for now we don't have to watch ads....
  
  5
- Only if you’re counting YouTubeTV as one of those and even still, I remember my dad arguing with dish or direct about the $150 bill all the time over a decade ago. We switched cable providers every other year to keep the price in the low $100 range and as soon as the honeymoon period was over they would double it.
  
  Even YouTubeTV+Netflix+Disney+w/e is less than cable for now
  
  7
- The cost of cable where I can choose what I want to watch when I want to watch it. Whereas before I had to hope that the programming directors for the different channels picked something somewhere worth watching when I turned on the tube.
  
  2
  
  Now, you only have to hope whatever show you want to watch is on any of the services you are subscribed to, and won't be pulled before you finish it.
  
  1
- Die a hero, or live long enough to become the villain
  
  1
At this point, I don’t think I’ll ever subscribe again. 🏴‍☠️

45
- Oh god no. Its the high seas or no see's for mee's
  
  14
- I am not that concerned about prices because I only ever have one subscription going at once but cancelling it Inside Job was the last drop for me. I'm not going to pay them to NOT make the shows I like.
  
  10
- Once you've used Stremio + a debrid service, you realise how much better everything could be. Just... the entire catalogue of shows ever made available all the time. I don't think I can go back.
  
  7
  
  Does Stremio work similarly to Plex? I've not heard of it or debrid, going to look into it!
  
  2
- I unsubscribed when they killed account sharing and planned to subscribe just for one or two months per year to binge every show I like... but I may not subscribe again for a long time now, considering that these guys take their villain role very seriously, I mean it's really hard to not dislike them right now. They're like the Cersei Lannister of streaming services
  
  5
There is nothing on netflix that I would even want to watch and they canceled both the dark crystal and 1899. Also altered carbon was a disaster and black mirror is not what it used to be. Maybe 3 body problem will be the single good scifi series they made since the dark, maybe not.

27
- altered carbon was a disaster
  
  Personally, I loved it. I just wish they'd make a second season.
  
  13
  
  altered carbon was a disaster
  
  Personally, I loved it. I just wish they’d make a second season.
  
  I might be confusing with another show, but I thought they did make a second season, but not a third?
  
  They had a major lead actor change between the two seasons, if it's the right show that I'm thinking about.
  
  1
- Maybe 3 body problem will be the single good scifi series they made since the dark, maybe not.
  
  I just started the series and while I like it I don't see how it will make for good TV due to it's heavily philosophical nature. At least not without drastic change to the source material.
  
  3
  
  The Chinese version pretty much stuck to the novel word for word and looks pretty decent except for the low budget and average acting. Still better than watching the minecraft version.
  
  4
- I was so confused when I saw the most recent Black Mirror season. Joan is Awful was really good (and tech related), but then there was a bunch of so-so Twilight Zone wannabe episodes with little to nothing to do with technology.
  
  2
Man. So glad NAS is in my computer toy budget next year

26
- Same I'm finally looking to build one in January or February
  
  1
Yo ho ho and a bottle of rum.

21
lmao hivemind with their finger on the pulse again. 8.8 million users added following the "mass exodus"

13
- Eh, it makes sense. Folks here are thinking about it a few steps ahead, if I don’t unsub then all the other services will do the same over time and raise prices, which negatively impacts me in the long term. Your average folks aren’t thinking that at all.
  
  1
Another reason for piracy

7
Juice it! 🍋

6
- Pump it! ⛽
  
  5
  
  Milk the cows 🐄
  
  3
Its so boring rn tho

6
I feel what streaming services did was repeat cable, like we cut the cord just to bring it back.

2
When did netflix become a FAANG company? What do they have that is so valuable? To me it seems like they don't develop any particularly incredible tech besides streaming and storage

-7
- I mean FAANG stands for Facebook, Apple, Amazon, Netflix, and Google. So they've always been one.
  
  29
  
  I know that the N stands for netflix, but like, why did people considered it important enough to be in the name? It sounds to me like microsoft deserved that spot
  
  1
  
  Nah they bumped Netscape out
  
  -2
- 2013 when the acronym first appeared? Netflix is literally the N.
  
  22
  
  I know that, but why not microsoft?
  
  It's not like I want to endorse them, but to me it seems like they deserved the spot (?) I don't know, back then satya hadn't taken the seat (he was CEO in 2014) and microsoft still was a bit crusty and not so close to open source
  
  1
  
  I'll bet they didn't want to create the acronym without the N so they just found a fifth company to throw in there.
  
  -2
- To me it seems like they don’t develop any particularly incredible tech besides streaming and storage
  
  Well they pretty much single-handedly started the whole streaming on demand service for movies and series and rapidly grew accordingly. This success even allowed them to get into the production side of the movie and series industry. They also destroyed the DVD market and stagnated the Blueray market on their own.
  
  Now they face more and more competitions after the other companies saw that there's a lot of money in this. The lose of that monopoly of course impacts their success and they seem to struggle with it. But they still are a giant in that market segment. So it's not surprising that they still are counted as a FAANG company.
  
  15
  
  and they seem to struggle with it.
  
  they never struggled. The just cannot adhere to the "eternal growth" which is different than "struggle". They were making millions. The "problem" was that they wanted each quarter to make more millions that the previous quarter. CEOs believe that there is an infinite amount of potential subscribers or even if they manage to make everyone on earth subscribe then they will eternally increase their prices every quarter. Or I don't know, maybe their system has some flaws
  
  9
  
  I get that at the time, but even back then Netflix didn't have that much valuation compared with the top of the tech companies. Sure, they are very relevant even with the rise in streaming platforms, but as far as I know they only have 1 good product, no hardware or other diversification. I don't really align ideologically with the following companies, but Nvidia, Tesla, Adobe or Microsoft could have taken that spot, they much more valuation according to https://companiesmarketcap.com/, and as I see it, they do more technological innovation
  
  I feel like people just sticked with FAANG because it's kinda catchy, but I think if you take into account world impact/tech development/valuation/size I don't think it makes much sense that Netflix is there
  
  1
- They don't develop any particularly incredible tech aside from the one their whole product is based around and enabled them to be an industry leader 🙈
  
  9
  
  Yeah but, it's just one product, the rest of FAANG have multiple gooses that lay down golden eggs
  
  1
  
  Except Netflix uses AWS. Which makes it Amazon's achievement.
  
  Literally all Netflix did was get streaming rights before streaming was mainstream, grow because of it, have everyone drive off into the sunset with said rights and make it all shittier.
  
  All Netflix offers these days is 2 season shows that end on a cliffhanger, concerning controversies that make the industry worse as a whole, and Sony movies because Sony doesn't have their own streaming service for some reason.
  
  -3
- The tech innovations are all a decade old at this point anyway. They are a media company now plain and simple. They produce and license movies and shows.
  
  4

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