Netflix Hints at Price Increases, Plans to Retire Basic Service Amid Ad-Tier Growth::Netflix says subscriptions to its ad-supported service grew by 70 percent in the fourth quarter of 2023.
Why not? They saw subscriber count go up after blocking shared accounts. Not like people give a shit.
I predicted exactly this when they first announced cheaper subscriptions with ads. People were raving that they’d abandon Netflix, because of price hikes commercials and preventing unlimited shared accounts. I suppose some did, but more was added with the cheaper option. So 100% a gain for Netflix. I even considered buying stock in Netflix, but didn’t in part because the stock market was pretty shaky at the time. But it would have been a decent investment.
That actually false. They lost subscribers in the areas where the change took place
18 billion yearly profit last I checked.
Not enough.
Never enough.
I am a shareholder of Netflix. If they don’t make more profit this year the stock will go down and I will lose money.
I use some of the income from my Netflix stock to pay for my Netflix subscription.
Edit: looks like I just made 12% since this announcement came out!
I don’t know if there could have been a comment that sums up the problem. To this person Netflix is no longer a product; it’s not about the best content or the best experience anymore. It’s about getting your buck.
Netflix used to have the best content online at the best price. It now has neither and I don’t know how anyone still rationalizes subscribing.
The enshittification continues
What I find interesting is it seems like we are again converging on the same service as cable. Which suggests that the best method of profiting off watching movies/tv at home is to have ad supported entertainment, with a monthly fee.
Once again, the profit motive ruins something good .
I plan to retire Netflix amid ad growth.
Fuck off Netflix.
