Netflix Hints at Price Increases, Plans to Retire Basic Service Amid Ad-Tier Growth::Netflix says subscriptions to its ad-supported service grew by 70 percent in the fourth quarter of 2023.
Why not? They saw subscriber count go up after blocking shared accounts. Not like people give a shit.
People on average will roll over and take most anything.
I predicted exactly this when they first announced cheaper subscriptions with ads. People were raving that they’d abandon Netflix, because of price hikes commercials and preventing unlimited shared accounts. I suppose some did, but more was added with the cheaper option. So 100% a gain for Netflix. I even considered buying stock in Netflix, but didn’t in part because the stock market was pretty shaky at the time. But it would have been a decent investment.
18 billion yearly profit last I checked.
Not enough.
Never enough.
I am a shareholder of Netflix. If they don’t make more profit this year the stock will go down and I will lose money.
I use some of the income from my Netflix stock to pay for my Netflix subscription.
Edit: looks like I just made 12% since this announcement came out!
I can’t tell if you’re trying to justify ever-increasing profits and screwing over customers.
Your profits from stocks are nobody’s concern.
Fuck everyone else, you got yours, right?
FOH
I don’t know if there could have been a comment that sums up the problem. To this person Netflix is no longer a product; it’s not about the best content or the best experience anymore. It’s about getting your buck.
Netflix used to have the best content online at the best price. It now has neither and I don’t know how anyone still rationalizes subscribing.
Removed by mod
Calm down, it’s just movie streaming. I didn’t invest in bioweapons.
Yikes dude.
DON’T DO THAT
We’re all super impressed.
The enshittification continues
It’s called rent-seeking. There’s already a well studied term for the phenomenon. I’m happy that young people are starting to recognize it, but this isn’t anything new. This is how capitalism works.
What I find interesting is it seems like we are again converging on the same service as cable. Which suggests that the best method of profiting off watching movies/tv at home is to have ad supported entertainment, with a monthly fee.
Once again, the profit motive ruins something good .
I plan to retire Netflix amid ad growth.
Fuck off Netflix.
Netflix already costs over $185 a year. For that price I can rent 6 5k UHD movies a month at redbox and get much higher quality viewing. I can’t find 6 good things to watch any given month on Netflix. I might turn my membership back on for the final season of Cobra Kai or Stranger Things, but there’s just not much else that’s compelling me to spend that money.
And rip those disc’s while you’re at it…
With what type of software? Oh, MakeMKV, that sounds simple and easy!
Redbox is still a thing? Huh
Discs are way better than streams if you care about quality.
This guy discs
No doubt, but I haven’t seen a Redbox since like before covid
Yeah, because its other plans are STUPIDLY expensive, their content and original shows don’t justify the price.
Price anchoring, they show you* the big price and now you think the smaller one is a great deal.
*Not you you, you us, we. Hmmm
Price anchoring should be illegal honestly
God their lineup sucks balls. It’s all the same juvenile drama dressed up in different genre costumes.
Fucking true, im only hanging around with it because the wife likes watching some of the shows…
I hate shareholder capitalism.
That’s just capitalism.
I cancelled prime the day they sent the no more ad free email.
Netflix doesn’t even provide me with low quality counterfeit goods that get lost in transit, so this is a super easy decision.
Heh. What am I saying? I cancelled Netflix last year when my kid’s graduation coincided with their shared password crackdown. I only still had it so she could use it.
Obligatory, “if it happens I’m out” post
For reals though fuck these gonks
Just like when they banned shared accounts too I bet.
Didn’t really affect me but I really should of just in principle, not that it seems it made a difference in the business model though
I already unsubscribed and start sailing when the account share thing happened, but people are willing to take anything these days… so good for netflix I suppose.
101 businessman logic: slowly stretch it until numbers go down, and then back down a bit, just to keep trying stretching it further in a later time. Repeat.
infinite growth guaranteed.
This is why at this point I don’t trust any subscription type thing, they are all destined to end up in that cycle, which, good for them, I think it’ll have to explode eventually, or not, who cares, I’m already out anyway
Lol at the people still paying. Learn to use the internet.
If everyone learned to “use the internet” and stopped paying then there would be nothing to pay for because nobody works for free.
If everyone learned to use the internet then those companies would have to adapt in order to survive.
How would they adapt to offer stuff for cheaper than free?
Because piracy isn’t a pricing issue, it’s a service issue. If people can get a better service for free, then that’s what they’re going to do. It’s the same reason people go to McDonalds, everyone can make a mid burger at home, but McDs has already done it and will sell it at a price some people will find reasonable. If I could go to Netflix, pay them whatever it costs right now and actually watch the content at a resolution I actually paid for and download to keep myself a copy for later (because again, I bought it) then I’d pay for Netflix. Seeing as that’s not the case and likely won’t be because people keep paying for Netflix, we’re stuck with the status quo.
When you’re talking about downloading for later are you talking about while your Netflix subscription is active, or for after you terminate your subscription?
After as well, no DRM on downloads. Pure .mp4
So on the first day of your Netflix subscription you’d download 1000 movies then cancel your subscription…
I only had Netflix because it was
freeincluded with my T-Maybe account. They are switching it to the ad supported tier today as base, and a user has to pay extra for the non-ad supported tiers.My plan going forward is to watch the first episode with ads and if I like it I’ll search the high seas for the rest.
The enshitification continues.
Once they changed it to paying that like $1 extra for the plan, I noped off TMobile. No use for it anymore when Google Fi is way cheaper for just 2 people. I just pirated everything anyways even when we had the subscription
“Time to extract profit from the losers-er I mean customers that are left”
They smell the blood in the water now.
