Support NeoGAF

[Jose92]

Netflix Poised to Raise Prices in 2024 as It Continues to Gain Share of TV Viewing: Analysts

Netflix is expected to hike prices on its streaming plans in 2024 as it continues to take a bigger bite out of overall TV viewing, UBS forecasts.

variety.com

Netflix is expected to hike prices on its streaming plans in 2024 — a move that should accelerate its revenue and earnings growth — as it continues to take a bigger bite out of overall TV viewing, according to analysts at UBS Securities.

“We expect to see rate increases this year” by Netflix, UBS analysts led by John Hodulik wrote in a Feb. 27 research note. That, along with a ramp-up in revenue from its ad-supported tier and healthy subscriber gains, should push the company’s total revenue growth in 2024 to 15%, per the analysts’ estimates, compared with 7% growth in 2023.

These services keep getting more unstainable by the day. Lose now make money later, looks like that model is going away. And leaving behind it, many loss making entities.

 

[Sonik]

No seriously, who pays for this trash? Aside from the old movies/shows they borrow from other studios almost everything they are producing is generic, forgettable or just plain terrible

 

[Roxkis_ii]

Man my kids are the only reason I pay for Netflex. They raise that price again my kids will be watching PBS kids instead.

 

[cormack12]

This is why I unsubbrd last year and they wonder why people get illegitimate iptv

 

[ManaByte]

Gotta pay for that WWE deal somehow.

 

[HoodWinked]

On Nielson the most viewed shows from week to week is almost always some new Netflix show or movie.

People unsub from Netflix, try another streaming service but just end up coming back.

They really know the kind of slop that normies want to consume.

 

[Jaybe]

I don’t know why more people don’t just cancel and sub for a month here and there to catch up on releases.

 

[Giallo Corsa]

lol, AGAIN ?
Didn't they raise the price some months ago ?

 

[Haint]

Every hike everybody's going to cancel...and without fail literally no one does, they actually gain subscribers.

 

[The Cockatrice]

Even in my poor ass country where piracy has thrived, people have become obsessed with Netflix. Just cuz you guys unsub doesnt change the fact that Netflix is king in Europe. They can afford to raise prices sadly. We need better competition.

 

[winjer]

Again? WTF?

 

[poppabk]

Netflix Poised to Raise Prices in 2024 as It Continues to Gain Share of TV Viewing: Analysts

Netflix is expected to hike prices on its streaming plans in 2024 as it continues to take a bigger bite out of overall TV viewing, UBS forecasts.

variety.com

These services keep getting more unstainable by the day. Lose now make money later, looks like that model is going away. And leaving behind it, many loss making entities.

Unsustainable? They are making $5 billion a year in net income and due to increase that. How is that unsustainable? If you mean competitors then no shit taking on Netflix is gonna be a rough ride.

 

[BobLeeSwagger]

They probably did the research that shows it wouldn’t affect their bottom line.

Just like all the other times they increased their prices…

 

[Jose92]

Unsustainable? They are making $5 billion a year in net income and due to increase that. How is that unsustainable? If you mean competitors then no shit taking on Netflix is gonna be a rough ride.

Yes other competitors will shut down, and just making it with that model wont work anymore.

 

[TheAtomicPile]

It's interesting to see Netflix continue to successfully price themselves as a premium option while also churning out content widely perceived as the Walmart bargain bin of streaming.

 

[DGrayson]

As long as I have minor children I will keep paying unfortunately. But I don't pay for anything else.

 

[Cyberpunkd]

These services keep getting more unstainable by the day. Lose now make money later, looks like that model is going away. And leaving behind it, many loss making entities.

Netflix lost enough money, now they are getting it back. The model is doing just fine. People are surprised while a lot of people were saying this will happen years ago.

 

[ForAcademicPurposes]

 

[ssringo]

Think I'll continue to (occasionally) watch HBO Max which comes with my phone plan anyways.

 

[poppabk]

Yes other competitors will shut down, and just making it with that model wont work anymore.

Some competitors need to shut-down to be honest. Not sure why MGM+ exists for example - I have 6 months free but there is no way I would subscribe.

 

[OmegaSupreme]

As long as I have minor children I will keep paying unfortunately. But I don't pay for anything else.

Luckily? lol My kid is hooked on YouTube. So I just pay for that.

 

[Bojji]

I canceled few months ago and don't miss it at all. They can go fuck themselves.

I only have prime that was like ~15$ for me for a year.

 

[clarky]

The Majority of Netflix's output is fucking awful. I only have a sub because it comes "free" with Virgin 1gig fibre.

No way would i actually pay for this crap every month.

 

[Sonik]

The vast majority of their content isn't even worth pirating, it's a waste of time and bandwidth. I'm not even being hyperbolic about it

 

[lee50_10]

 

[Hudo]

Lmao. I will never pay for Netflix again after they've cancelled Marco Polo.

 

[K' Dash]

It's the only service that consistently makes content that I want to watch

Right now I'm awaiting the Three Body Problem which looks amazing.

 

[newtypepilot]

Their model is essentially quantity over quality. They know most of it is forgettable but their aim is to spam content so there's something for everyone.

They probably have enough data that tells them a good majority of users don't cancel despite having relatively low watch time, hence even less reason to make quality content. I guess it's like gym memberships. People keep paying despite rarely working out lol.

 

[jufonuk]

This cannot be sustainable. I’m gonna leave this platform if it continues nothing really worth watching

 

[Magic Carpet]

I've never tried Hulu, this might be a good excuse to switch. I think Disney has a package that includes Hulu.

 

[Trogdor1123]

my kids like Netflix so I haven’t cut it, yet.

If it was only me though it would be gone.

 

[AJUMP23]

I think they increased prices twice in 2023.

 

[ThatStupidLion]

They really going to keep pushing till it breaks arent they

 

[Magic Carpet]

Hades is on Netflix games. This will make a great on the toilet game for phones.

 

[cash_longfellow]

Unsubbed after their price boost and BS password “sharing” rules last year and don’t miss it a bit.

 

[PrimetimeKnight]

For someone like me who stopped watching Netflix when they eliminated the password sharing what shows have popped up since that is worth a month of subscription to binge through. I have my eye on the newest season of Black Mirror and that Johnny Manziel documentary....anything else good out there since the password purge?

 

[Spyxos]

For someone like me who stopped watching Netflix when they eliminated the password sharing what shows have popped up since that is worth a month of subscription to binge through. I have my eye on the newest season of Black Mirror and that Johnny Manziel documentary....anything else good out there since the password purge?

I really liked Physical 100. As it was the first season, there were hardly any rules yet, so the matches were exciting, but also somewhat unfair in places..

 

[Panajev2001a]

These services keep getting more unstainable by the day. Lose now make money later, looks like that model is going away.

It is not going away… it is just that “now” is the then “later” .

 

[NotMyProblemAnymoreCunt]

It is not going away… it is just that “now” is the then “later” .

Or all these Streaming Services are gonna to merge with the bigger ones like Amazon Prime and Netflix.

 

[StueyDuck]

im surprised people honestly still have netflix, it really is just junk food at this point.

poorly made content made quick designed for you to consume and consume lots of it.

 

[Toots]

Man my kids are the only reason I pay for Netflex. They raise that price again my kids will be watching PBS kids instead.

And if they don't like it, tell them they can go play around the old lemon tree like we did

 

[Billbofet]

im surprised people honestly still have netflix, it really is just junk food at this point.

poorly made content made quick designed for you to consume and consume lots of it.

Most of my friends only have Netflix and Disney+ for streaming, so they have no concept of quality content.
I'll recommend shows like Shogun, Fargo, or Recession, and they'll be like, "Nah, I gotta finish Obi-wan and catch up on Fuller House and Wednesday before season 2 drops!!"

 

[StueyDuck]

Most of my friends only have Netflix and Disney+ for streaming, so they have no concept of quality content.
I'll recommend shows like Shogun, Fargo, or Recession, and they'll be like, "Nah, I gotta finish Obi-wan and catch up on Fuller House and Wednesday before season 2 drops!!"

honestly i know far too many people who are the same.

 

[EverydayBeast]

I congratulate Netflix on killing dvds, if they continue to raise prices they leave the door open to the possibility of killing themselves

 

[kikkis]

Don't care. I only sub to netflix when there is something really good. It's still good value then.

 

[IntentionalPun]

Most of my friends only have Netflix and Disney+ for streaming, so they have no concept of quality content.
I'll recommend shows like Shogun, Fargo, or Recession, and they'll be like, "Nah, I gotta finish Obi-wan and catch up on Fuller House and Wednesday before season 2 drops!!"

Both Shogun and Fargo are on Disney+ in the States lol

 

[mitch1971]

Time to update my pirate clobber.

 

[Bloobs]

Might sub for a month if something is really worth watching but other than that fuck em. I've got Prime and HBO which I barely use but I do some Amazon shopping from time to time so whatever.

 

[CGNoire]

Im out.

 

[Stitch]

I really liked Physical 100. As it was the first season, there were hardly any rules yet, so the matches were exciting, but also somewhat unfair in places..

there's a second season on march 19