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.
Comment on Netflix may hike prices after success of password-sharing crackdown
AlmightySnoo@lemmy.world 1 year 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 subscribe 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?
markr@lemmy.world 1 year ago
AA5B@lemmy.world 1 year 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?
Duamerthrax@lemmy.world 1 year ago
The line must go up.
beebarfbadger@lemmy.world 1 year ago
“Yes, but that was LAST week. This is our excuse THIS week.”
KairuByte@lemmy.dbzer0.com 1 year ago
Logic: “We want more money.”
Hoomod@lemmy.world 1 year ago
Capitalism demands perpetual and unlimited growth forever