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Netflix raises prices as password boost fades (www.bbc.com)

submitted 4 weeks ago by [email protected] to c/[email protected]

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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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[–] [email protected] 142 points 4 weeks ago (17 children)

See, the problem with publicly traded corporations is, they've got to constantly not only be making as much money this year as they did the previous year, but they've got to increase shareholder value, which means, raising prices, or reducing the product to save costs, we have termed that last bit enshitification. I mean, they don't HAVE to, but if they choose not to, the board of directors will push for a change in CSUITE personnel, and those fuckers are raking in the big bucks, and really really like their 3rd vacation homes in Aspen, so you pay more, or you get less, and sometimes you pay more AND you get less. And the beat goes on.

[–] [email protected] 1 points 3 weeks ago

Publically traded companies only exist because capitalists willed it so. Capitalism will always seek the path to greatest profits for the capitalist class with little to no regard for the consequences of that

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