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Netflix Starts Booting Subscribers Off Cheapest Basic Ads-Free Plan
(www.macrumors.com)
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this post was submitted on 05 Jul 2024
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Is it that the decade of 0% interest rates and angel funding for startups lulled us into unrealistically thinking we could get unlimited everything for 9.99 per month, or is it that companies are suddenly starting to rip off people?
As an end consumer it's impossible to gauge what is a proper price for entertainment.
Netflix has been profitable since 2003. This is greed.
It's probably the latter.
"Delivering shareholder value" has destroyed numerous companies, and I doubt it'll stop soon.
It's simple really
Is the boss a multimillionaire?
No: No problem
Yes: They're charging more than they need to
As with many things, it really is likely a mixture of both. Very possible that 9.99 was unrealistically low, but the current streaming market and "inflation" smoke screening is also enabling some real squeezing of consumers.
Not me! I gave all these streaming assholes the boot years ago.
It was maybe too low for their awesome library they had at the start (though their initial pricing was still more than a lot of their customers spent in a year for movies/TV prior).
It's criminally overpriced for their awful library now.