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Netflix may hike prices after success of password-sharing crackdown

https://www.reuters.com/technology/netflix-may-tap-price-hikes-after-success-password-sharing-crackdown-2023-10-16/

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.

89 comments

phoneymouse

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I already cancelled my account. Netflix is too expensive already. Why would I pay more?

dhtseany

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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.

Sunroc

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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

kratoz29

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Maybe it is because the few ppl who left that they are willing to keep raising the prices?

CriticalMiss

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And the enshittification continues..

buzz86us

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Horray for end stage capitalism

asexualchangeling

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Can we be post capitalism already?

reagansrottencorpse

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Probably after the planet is mostly uninhabitable.

InternetUser2012

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That's their plan.

markr

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I wish I knew how we do that.

Socsa

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This is what they said about the cotton gin

blanketswithsmallpox

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The enshittification of enshittification continues... Why people want to use it for anything that just means worse is beyond me lol.

sturmblast

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$20/month for shit content. Dead to me.

CobblerScholar

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There you go biting the hand that feeds you again

AlmightySnoo

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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?

Hoomod

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Capitalism demands perpetual and unlimited growth forever

markr

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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.

AA5B

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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?

Duamerthrax

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The line must go up.

beebarfbadger

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"Yes, but that was LAST week. This is our excuse THIS week."

KairuByte

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Logic: “We want more money.”

yote_zip

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Netflix forced to raise prices due to thinking of bigger number. You can really apply this to most things lately.

Buddahriffic

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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.

yoz

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They know you will pay for it no matter what

bezerker03

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But people really won't. Their library isn't even that complete anymore. If it wasn't for Coco melon and a 2 year old and the very rare family movie id likely just kill it myself even before all this.

Patches

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Thar be only 6 episodes of Coco Melon matey.

bezerker03

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My Netflix has 8 seasons lol. Granted they're all one episode but over an hour long lol.

Patches

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Dang there's 2 new ones. Hopefully less painful to the eardrums.

Gonna have to hit the high seas

yoz

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You sure? If people aren't paying then how they keep jacking up their price. Something to think about.

restingboredface

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Didn't they just raise prices "due to the writers strike"?

if they need to raise rates this much this often they are crap at forecasting and or (more likely) they are just full of shit and are just making up excuses to generate revenue after seeing how many people tolerated the password crackdown.

ReallyActuallyFrankenstein

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Tighten the straps, then tighten the screws. Repeat.

Does it seem like all business models are the same nowadays?

Taian

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I mean, it works. Why would anyone do anything different?

Da_Boom

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It's the sort of model that works untill it doesn't.

And the metric to know how well it works is piracy. Because Netflix don't release numbers for subscription cancellations. The more piracy goes up, the more people can be said to be leaving the paid subscription streaming service.

Piracy, it's a service issue.

After we return back to pre-netflix-heyday piracy levels, all streaming services will slowly be relegated to the same status cable companies occupy today.

triclops6

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This is the greatest shame in all of this.

Blackmist

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The line must go up!

the_post_of_tom_joad

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Pretty happy i dumped these guys. Now every time Netflix News hits i get to revel in my decision instead of being anger at being fleeced.

Piracy has only gotten easier so...

Bwaz

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I'm ready to cancel. Their programming has been getting worse over time anyway.

BlinkerFluid

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Yay! Another fucking food/crafting competition!

Red0ctober

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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.

seaQueue

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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.

mawkishdave

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I am so surprised about this, who could have seen that coming /s

noisypine

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People let them get the tip in, is it any surprise that they are going balls deep now?

KairuByte

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Dude, punctuation is important. Your sentence broke my brain for a good 30 seconds.

vladmech

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Was the top comment edited? Because this reads super clearly to me.

KairuByte

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Yes, they edited to add the comma, making the sentence much more clear.

InFerNo

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Say it ain't so! Who could have known?

kescusay

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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.

Rinox

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Stremio with torrentio plug-in, almost as easy as Netflix, much broader catalog

Porka_911

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Broad catelog, but lacking in seeds for older episodes. Try watching Simpsons S04, E08 as an example. I can guarantee there will be no active seeds. It's good for recently released content however, but will never be as good as legit services.

kambusha

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Try watching Simpsons on Netflix.

Rinox

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I can see it easily, lots of seeds too. Usually if it's on a streaming platform, it's also available as a torrent, especially if it's as popular as the Simpsons.

Less popular shows, especially in languages other than English, may be harder to watch, but then again, it's free, so it's a price I'm willing to pay.

For instance I couldn't find any torrents for Tattooed teenage alien fighters from Beverly hills . I can live with that. Also, I'm sure it's not on Netflix either

Captainvaqina

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Do you have a debrid account for links?

Porka_911

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That's not free, and close to the cost of Netflix.

Captainvaqina

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Netflix costs $17 for 6 months? Certainly not in the US.

JoeKrogan

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May as well make it 100 per month. Bunch of greedy fucks 🤡

GrammatonCleric

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Netflix acting like they got content worth paying any amount of money for 🤣

tilgare

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How has HBO been consistently $15 a month for decades it seems, and now suddenly this model requires everyone to hike their prices to hell and back? I think I would be willing to believe that $15/mo is the magic number, except that everyone is rocketing past that now. Now it's just garbage corporations turning a quick buck for executives and shareholders, as subscribers we aren't getting any more for our money - there's no feature release or massive influx of content. What a shit system we have.

mtdyson_01

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You answered your own question "Now it's just garbage corporations turning a quick buck for executives and shareholders" executives must continually find more profit to appease the shareholders, the only way to do that consistently is raise prices, there are too many people that will just keep paying and paying and the corporations know it.

kent_eh

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There is little reason to keep any streaming service for more than a month per year. Sub, binge, cancel, move on.

There's not enough worthwhile content on any of them to maintain an ongoing subscription.

sebinspace

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Self hosting forever!!

jerome

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Mullvad VPN is 5 bucks a month

briongloid

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My Usenet backbone & indexer cost 5 USD per month as well.

sturmblast

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what service?

briongloid

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FrugalUsenet via old sale page $4/m & NZBGeek $6/6m.

sturmblast

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thanks

ayaya

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Unfortunately they got rid of port forwarding so it's not great for torrents. AirVPN is the way to go now. It's also only about $3/mo if you do 3 years at a time.