Submitted 1 year ago by L4s@lemmy.world [bot] to technology@lemmy.world
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.
And the enshittification continues…
Horray for end stage capitalism
This is what they said about the cotton gin
The enshittification of enshittification continues… Why people want to use it for anything that just means worse is beyond me lol.
$20/month for shit content. Dead to me.
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?
Capitalism demands perpetual and unlimited growth forever
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.
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?
The line must go up.
“Yes, but that was LAST week. This is our excuse THIS week.”
Logic: “We want more money.”
There you go biting the hand that feeds you again
Netflix forced to raise prices due to thinking of bigger number. You can really apply this to most things lately.
Tighten the straps, then tighten the screws. Repeat.
Does it seem like all business models are the same nowadays?
I mean, it works. Why would anyone do anything different?
It’s the sort of model that works untill it doesn’t.
And the metric to know how well it works is piracy. Because Netflix don’t release numbers for subscription cancellations. The more piracy goes up, the more people can be said to be leaving the paid subscription streaming service.
Piracy, it’s a service issue.
After we return back to pre-netflix-heyday piracy levels, all streaming services will slowly be relegated to the same status cable companies occupy today.
This is the greatest shame in all of this.
The line must go up!
Netflix, if you’re paying any attention here, there will be no raising prices to drive me to the ad tier. Either the ad free version is worth it or I’ll continue my life without Netflix. I’ll never go back to the cable ad experience.
They know you will pay for it no matter what
But people really won’t. Their library isn’t even that complete anymore. If it wasn’t for Coco melon and a 2 year old and the very rare family movie id likely just kill it myself even before all this.
Didn’t they just raise prices “due to the writers strike”?
if they need to raise rates this much this often they are crap at forecasting and or (more likely) they are just full of shit and are just making up excuses to generate revenue after seeing how many people tolerated the password crackdown.
I am so surprised about this, who could have seen that coming /s
I’m ready to cancel. Their programming has been getting worse over time anyway.
Yay! Another fucking food competition!
Do it. I cancelled 2 weeks ago and haven’t looked back. Netflix is filled with self referential, formulaic films, shows that had a good season 1 but got axed, and shows that sucked but somehow got the engagement metrics up enough to stick around. Occasionally there’s a show that’s good and stocks around, but ends up a stinker as the seasons progress.
The only thing I miss is Korean dramas, but there’s Viki for that.
I wake our account up for a month or two a year. They don’t have enough quality content to justify a nonstop subscription and haven’t since the great streaming market fracture like 5-6y ago.
Pretty happy i dumped these guys. Now every time Netflix News hits i get to revel in my decision instead of being anger at being fleeced.
Piracy has only gotten easier so…
People let them get the tip in is it any surprise that they are going balls deep now?
Dude, punctuation is important. Your sentence broke my brain for a good 30 seconds.
Was the top comment edited? Because this reads super clearly to me.
I’ve been a Netflix subscriber for a long time. The ease of use, the broad catalog of weird foreign films and shows, and the kid-friendly content have kept me on board after ditching Hulu, Disney+, and pretty much every other streaming service. And I have the disposable income to make the convenience worth it, even though I’m fully capable of, shall we say, sailing the high seas.
If they do this, I’m dropping Netflix. It’s just not worth it anymore.
Netflix should take the departure of people like me as a canary in the coal mine. If I leave, then other long-term, formerly-happy customers will depart, too. This will be the start of a death spiral.
Stremio with torrentio plug-in, almost as easy as Netflix, much broader catalog
Broad catelog, but lacking in seeds for older episodes. Try watching Simpsons S04, E08 as an example. I can guarantee there will be no active seeds. It’s good for recently released content however, but will never be as good as legit services.
May as well make it 100 per month. Bunch of greedy fucks 🤡
Netflix acting like they got content worth paying any amount of money for 🤣
How has HBO been consistently $15 a month for decades it seems, and now suddenly this model requires everyone to hike their prices to hell and back? I think I would be willing to believe that $15/mo is the magic number, except that everyone is rocketing past that now. Now it’s just garbage corporations turning a quick buck for executives and shareholders, as subscribers we aren’t getting any more for our money - there’s no feature release or massive influx of content. What a shit system we have.
You answered your own question “Now it’s just garbage corporations turning a quick buck for executives and shareholders” executives must continually find more profit to appease the shareholders, the only way to do that consistently is raise prices, there are too many people that will just keep paying and paying and the corporations know it.
There is little reason to keep any streaming service for more than a month per year. Sub, binge, cancel, move on.
There’s not enough worthwhile content on any of them to maintain an ongoing subscription.
Self hosting forever!!
Millard VPN is 5 bucks a month
Unfortunately they got rid of port forwarding so it’s not great for torrents. AirVPN is the way to go now. It’s also only about $3/mo if you do 3 years at a time.
I think they’re overestimating their demand. I like them less now, and they may raise prices again? 🤔
This is what people said with password sharing though.
And they resubbed still
I think they are lying about getting more subscribers… they lost more than they gained… now they need to reis the cost because of the loses
I don’t know why, but I’m still able to use my parents’ Netflix account. Maybe it’s because I turned off automatic updates on my TV before the crackdown started.
chuckles in not paying and still accessing the same content
So I have to check because I haven’t noticed this have, they actually implemented this crackdown for everyone everywhere, because I’m successfully sharing my Netflix password with my parents and nothing seems to have happened yet.
The original plan was to keep going with Netflix until they actually shut down the account because I’m only really maintaining it for my parents, but Netflix have ruined it by not doing anything.
Seems to be kinda random. It didn’t affect me for a while but then it did. Makes sense they wouldn’t do it all at once.
I had forgotten about the crackdown until I wanted to browse through on my parents’ account, and it said I had to update the account location if I wanted access. It probably still works fine if you’re in the same household.
My parents’ account still works at my SO’s house but not at my house, so it must have something to do with location
NordVPN was $2.5 / month for a 2 year subs.
I cancelled in May. I don’t even miss it, lol
Fuck these capitalist fucks.
Urgh. The only people in our house who watch it are the kids for cake based reality shows and Lego animation. So as soon as they raise the prices it’s getting cancelled.
Only reason I have Netflix is the complimentary 1080p plan with my cell account at T-Mobile.
I was about to cancel my Netflix when I saw that I’m grandfathered into $10/month for ad-free. The only thing I find worth watching there are K-Dramas these days and that’s roughly the cost of a Viki Rakuten account, so I’ve decided to keep it…for now.
The second anything requires me to change from my current sub, that’s a wrap.
I downgraded from the top tier to that grandfathered one when they announced it was going away. Not holding my breath it’ll be immune to price hikes for long. We haven’t watched anything on there in months and will definitely cancel if they hike it.
phoneymouse@lemmy.world 1 year ago
I already cancelled my account. Netflix is too expensive already. Why would I pay more?