Comment on Consumers are paying more than ever for streaming TV each month and analysts say there’s no reason for the companies to stop raising prices

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joemo@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago

There’s a scene in Fight Club about how auto companies approach recalls, and a similar method is applied for these price hikes. The company predicts how many people will leave or change plans or whatever with their changes and they price it out so that they end up making more money.

And for a small example let’s say you have two customers paying $10/month for a service. If the price increases by $11, and one customer leaves, you are now making $21/month from the service.

Now it’s not as simple as that in the real world, but that’s the general idea.

The issue here is that even if a vocal minority leave these streaming services, or social media there’s still a large amount of people putting up with their shit.

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