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.
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.
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.
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 subscribed 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?
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?
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.
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.
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.
For real, their content isn’t even that compelling of an argument to keep paying for it anymore, especially when we all know that if they did manage to make the first season of a show that ends up being good they’ll just not renew it.
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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.
Fuck these capitalist fucks.
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 subscribed 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
“Yes, but that was LAST week. This is our excuse THIS week.”
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.
Netflix acting like they got content worth paying any amount of money for 🤣
I cancelled in May. I don’t even miss it, lol
Mullvad VPN is 5 bucks a month
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.
There you go biting the hand that feeds you again
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.
I’m ready to cancel. Their programming has been getting worse over time anyway.
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.
Say it ain’t so! Who could have known?
I am so surprised about this, who could have seen that coming /s
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.
May as well make it 100 per month. Bunch of greedy fucks 🤡
I already cancelled my account. Netflix is too expensive already. Why would I pay more?
For real, their content isn’t even that compelling of an argument to keep paying for it anymore, especially when we all know that if they did manage to make the first season of a show that ends up being good they’ll just not renew it.
If they kick me off the account I am on I will finally be free of falling in love with a series just for them to cancel it after 1 amazing season.
People talk shit about other streamers, but Netflix is by far the worst for this