this post was submitted on 17 Oct 2023
347 points (96.8% liked)

Technology

59135 readers
2878 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.

(page 2) 32 comments
sorted by: hot top controversial new old
[–] ropegirth@lemmynsfw.com 2 points 1 year ago

I subscribe for like one month a year if stuff I like has accumulated. It's not worth more, I bet one moth will soon be $150, or "premium content" will only be available to long term subscribers.

[–] autotldr@lemmings.world 2 points 1 year ago

This is the best summary I could come up with:


Oct 16 (Reuters) - Netflix's (NFLX.O) 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.

The only profitable major streamer, Netflix has resisted joining rivals like Walt Disney (DIS.N) in hiking ad-free prices this year and instead curbed password-sharing outside households to tap the more than 100 million viewers who use its service without subscribing.

Five months after calling a strike that plunged Hollywood into turmoil, the Writers Guild of America (WGA) last week approved a new contract with major studios.

After a slow start for the ad plan launched last year, analysts said they expect Netflix will raise prices of its ad-free options in the coming months to nudge more subscribers to the other tier, where commercials help bring in more revenue per user.

"Using these tactics, Netflix will likely double its ad-supported viewership next year," said Insider Intelligence analyst Ross Benes.

Overall, Wall Street expects the streamer to post its strongest quarterly subscriber additions this year, according to LSEG data.


The original article contains 362 words, the summary contains 186 words. Saved 49%. I'm a bot and I'm open source!

They can do whatever they want. I've been done with them for a while. If they put something out worth watching, I'll hit the high seas.

[–] iMike@lemmy.world 1 points 1 year ago

They just increased Turkish accounts prices, I’ll be paying £6 now instead of £3 for the top tier account

load more comments
view more: ‹ prev next ›