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164

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

submitted 1 month ago by fine_sandy_bottom@lemmy.federate.cc to c/technology@beehaw.org

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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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[–] solsangraal@lemmy.zip 14 points 1 month ago (1 children)

The company is under pressure to show investors what will power growth in the years ahead, as its already massive reach makes finding new subscribers more difficult.

LOL i think the only potential "new subscribers" remaining are the people who never had and never will have a netflix sub. at this point one of the many reasons i'll never sign up is because fuck shareholders in general

[–] monobot@lemmy.ml 6 points 1 month ago

Just idea that they expect growth where there is none is strange. This business are at the limit and have no way to grow faster than economic situation of many people around the world gets better.

Sad part is fir them it is better to destroy service trying to increase growth in meaningless ways, than to just find a way to keep the business that is working.

Idea of infinite growth is ruining us.