this post was submitted on 18 Oct 2024
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Technology

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Netflix raises prices as password boost fades (www.bbc.com)
submitted 4 weeks ago by fine_sandy_bottom@lemmy.federate.cc to c/technology@beehaw.org
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Netflix is starting to raise prices in some countries as growth spurred by its crackdown on password sharing starts to fade.

The film and TV streaming giant said it had already lifted subscription fees in Japan and parts of Europe as well as the Middle East and Africa over the last month.

Changes in Italy and Spain are now being rolled-out.

In its latest results, Netflix announced that it had added 5.1 million subscribers between July and September - ahead of forecasts but the smallest gain in more than a year.

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[–] Kichae@lemmy.ca 7 points 4 weeks ago (1 children)

The price is still elastic because many people have another streaming service they can drop. But as they all raise prices, they'll all be whittled down to just one. And then possibly none.

[–] sunzu2@thebrainbin.org 3 points 4 weeks ago

No doubt but if people would be a little more proactive... We coulda already squeezed the corpo trash